FILINVEST PLANS TO OFFER P15-M BONDS | Marvin Germo
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FILINVEST PLANS TO OFFER P15-M BONDS

By: Marvin Germo | February 6, 2020

Registration of Bonds

Just recently, Filinvest Development Corporation (FDC) has registered for the P15-billion fixed-rate bonds it plans to offer with the Securities and Exchange Commission (SEC). The filing of the bond offer was dated January 20 and it will compose of unconditional, direct, unsubordinated, and unsecured peso-denominated bonds of P8 billion and P7 billion for oversubscription options. According to the company, it will be offered in two tranches: 7-year bonds which will mature in 2027 and 5-year bonds which will due on 2025. The minimum denominations will be P50,000 each and there is a scripless form during the issuance. It will follow by P10,000 integral multiples. The denominations of P10,000 will be traded in the secondary market.

Catch me in my live training events! (quick plug)

The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.

Stock Smarts Taiwan – February 15, 2020
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020

Plans for the Proceeds

FDC disclosed that it plans to refinance its maturing obligation in 2020 using the funds to be generated from the issuance of the bonds. The proceeds will also be used to back up the other general corporate needs of the company. The joint lead underwriters and bookrunners for the said issuance will be First Metro Investment Corp., BDO Capital & Investment Corp., East West Banking Corp., BPI Capital Corp., and China Bank Capital Corp.

About Filinvest

Filinvest is known to be the holding firm of Gotianun family. It is listed on the Philippine Stock Exchange. It is also the controlling company of Filinvest Land, Inc. Filinvest Hospitality Corp., East West Banking Corp., Pacific Sugar Holdings Corp., and FDC Utilities. When hearing about Filinvest, most people will think that it’s all about real estate. While FDC owns a segment that focuses on providing residential and commercial units, you can also consider other businesses it has. Knowing what FDC controls and holds will allow you to strategize your trading and investing.

Why Invest In Bonds?

Bonds are good alternatives to stocks. If you are looking for another option where you can invest, bonds are a good way to support you during your investing journey. What’s good about this is that there is a lesser risk than stock trading. You just have to wait for the maturity of the bonds before you can get your capital back. Also, you will receive interests annually if you invest in this portfolio. Risks are low, yes, but keep in mind that your earnings are based on what the company can offer. Usually, the interest rate will be disclosed to you when the year is approaching. If it’s fixed, the rate will be stated on the bond certificate.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders
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