The Philippine Securities and Exchange Commission has approved Filinvest Development Corporation’s registration for a preferred share offering of up to PHP 8 billion, rendering the company’s registration statement effective subject to compliance with remaining requirements. The offer covers up to eight million preferred shares priced at PHP 1,000 each, comprising a base offer of six million shares with an oversubscription option of up to two million. The shares are perpetual, cumulative, non-voting, non-participating, non-convertible, redeemable, and re-issuable. Filinvest expects to net up to PHP 7.93 billion assuming full exercise of the oversubscription option, with proceeds allocated to refinancing, capital expenditures and general corporate purposes. BPI Capital Corporation, BDO Capital & Investment Corporation, China Bank Capital Corporation, Land Bank of the Philippines and Security Bank Capital Investment Corporation will act as joint lead underwriters and joint bookrunners, with BPI Capital serving as sole issue manager. Based on the latest timetable submitted to the SEC, the offer period is scheduled for 21–25 July, with listing on the Main Board of the Philippine Stock Exchange targeted for 4 August.
Philippine Securities and Exchange Commission 2025-07-10
Philippine Securities and Exchange Commission approves Filinvest Development Corporation’s PHP 8 billion preferred share offering
The Philippine Securities and Exchange Commission approved Filinvest Development Corporation's registration for a preferred share offering of up to PHP 8 billion, pending compliance with remaining requirements. The offering includes up to eight million perpetual, cumulative, non-voting, non-participating, non-convertible, redeemable, and re-issuable shares priced at PHP 1,000 each. Proceeds are earmarked for refinancing, capital expenditures, and general corporate purposes, with BPI Capital Corporation as sole issue manager among joint lead underwriters.