Filinvest Development Corporation( FDC), a leading diversified conglomerate in the Philippines, successfully raised ₱8.0 billion from its first-ever preferred shares offering. The shares were officially listed today on the Main Board of the Philippine Stock Exchange (PSE) under the trading symbols “FDCPA” for the Series A preferred shares and “FDCPB” for the Series B preferred shares.
The public offering, which ran from July 21 to July 31, 2025, received strong support from both institutional and retail investors, demonstrating significant market confidence in FDC’s financial strength and long-term growth strategy. The offer was 1.66 times oversubscribed on the base offer of ₱6.0 billion, allowing FDC to fully exercise its oversubscription option to raise a total of ₱8.0 billion.
“Our successful maiden preferred shares issuance marks a historic milestone in our corporate history and demonstrates investor confidence in FDC’s vision and our commitment to sustainable growth,” said Rhoda A. Huang, President and CEO of FDC. “We are very thankful for the exceptional support that we received from our investors, and we are excited to continue building on our momentum and delivering long-term value to our stakeholders.”
The Series A preferred shares have an initial dividend rate of 6.6253% per annum, while the Series B preferred shares have a rate of 7.1087% per annum. The proceeds will be used to refinance existing obligations and support key growth initiatives across FDC’s core businesses, including residential real estate, consumer banking, hospitality, and power generation.
The Philippine Rating Services Corporation (PhilRatings) assigned FDC an Issuer Credit Rating of PRS Aaa (corp..), with a Stable Outlook, in connection with the offering. This is the highest possible rating from PhilRatings, reflecting the company’s very strong capacity to meet its financial commitments.
BPI Capital Corporation served as the Sole Issue Manager, while BDO Capital & Investment Corporation, China Bank Capital Corporation, Land Bank of the Philippines, and Security Bank Capital Investment Corporation acted as Joint Lead Underwriters and Bookrunners.
