Filinvest Development Corporation (PSE: FDC), one of the Philippines’ leading and most diversified conglomerates, has filed a registration statement with the Securities and Exchange Commission (SEC) and a listing application with the Philippine Stock Exchange (PSE) for a proposed public offering of up to 8,000,000 preferred shares, priced at ₱1,000.00 per share.
The offer will include a base tranche of up to 6,000,000 preferred shares, equivalent to ₱6 billion, with an oversubscription option of up to 2,000,000 preferred shares, or ₱2 billion. The offering will be available in up to two series.
This offering is a key part of FDC’s capital markets engagement strategy, aimed at broadening its investor base and diversifying its funding sources. The net proceeds will be used to refinance existing obligations and support growth initiatives aligned with the company’s long-term investment strategy.
“We are positioning Filinvest for the next phase of sustainable growth by strengthening our capital structure and enhancing financial flexibility,” said Rhoda A. Huang, President and CEO of FDC. “This preferred share offering supports our objective to deepen investments in sectors where we have strong competitive advantages and long-term value creation potential.”
FDC’s strategic growth trajectory remains focused on unlocking value in its core businesses and expanding its footprint in high-growth sectors, including residential development across all income segments, consumer banking, hospitality, and power generation.
Reflecting its robust operational performance, FDC reported a net income of ₱3.6 billion for the first quarter of 2025 — a 25% increase year-on-year. All of its business units, including Banking, Power, Real Estate, Hospitality, and Sugar, posted double-digit growth during the period.
The target offer period is scheduled from July 21 to July 25, 2025, with the listing of the preferred shares on the Main Board of the Philippine Stock Exchange expected on August 4, 2025, subject to regulatory approvals and prevailing market conditions.
BPI Capital Corporation is the Sole Issue Manager for the offering. BDO Capital & Investment Corporation, China Bank Capital Corporation, Land Bank of the Philippines, and Security Bank Capital Investment Corporation will serve as Joint Lead Underwriters and Bookrunners.
