Filinvest Development Corp. (PSE: FDC) has filed a registration statement with the Securities and Exchange Commission for a preferred share offering of up to ₱8 billion, aiming to strengthen its capital structure and support strategic investments across its core sectors.
The offering comprises a base issue of 6 million preferred shares at ₱1,000 each, with an oversubscription option of up to 2 million shares.
The shares will be offered in up to two series and are slated for listing on the Philippine Stock Exchange on August 4, 2025, subject to regulatory approvals. The offer period is scheduled for July 21–25.
Proceeds will be used to refinance existing obligations and fund growth initiatives in key business units including residential real estate, consumer banking, hospitality, and power generation.
The company said the move aligns with its strategy to unlock value in high-growth verticals.
Filinvest posted a first-quarter net income of ₱3.6 billion, up 25% year-on-year, with all major business lines — banking, power, real estate, hospitality, and sugar — posting double-digit gains.
BPI Capital Corp. has been tapped as the sole issue manager, while BDO Capital, China Bank Capital, Land Bank of the Philippines, and Security Bank Capital are acting as joint lead underwriters and bookrunners.
The filing signals increased appetite among Philippine conglomerates to tap local capital markets amid declining interest rates and a stabilizing macroeconomic environment.
Business News Asia