C07779-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Oct 31, 2023
2. SEC Identification Number
170957
3. BIR Tax Identification No.
000-533-224
4. Exact name of issuer as specified in its charter
FILINVEST LAND, INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
No. 79 EDSA, Highway Hills, Mandaluyong City, Metro Manila Postal Code 1550
8. Issuer's telephone number, including area code
(632) 7918-8188
9. Former name or former address, if changed since last report
Not applicable
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 24,249,759,506
Preferred 8,000,000,000
11. Indicate the item numbers reported herein
9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Filinvest Land, Inc.FLI

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification on the news article entitled “FLI bond offer gets nod of SEC” published on BusinessMirror (Online Edition) on October 29, 2023
Source BusinessMirror (Online Edition)
Subject of News Report FLI bond offer gets nod of SEC
Date of Publication Oct 29, 2023
Clarification of News Report

We write in connection with the news articles posted in various online sites on October 29, 2023. In the attached news article entitled “FLI bond offer gets nod of SEC” posted in BusinessMirror (Online Edition), it was reported in part that:

“The Securities and Exchange Commission (SEC) has approved the shelf registration of Filinvest Land Inc. (FLI) for up to P35 billion of fixed-rate bonds.

During its en banc meeting, the agency gave its nod to the registration statement of FLI covering peso-denominated bonds which may be issued in one or more tranches.

. . . .

Assuming the oversubscription option is fully exercised, net proceeds from the offer are expected to reach P11.85 billion. Proceeds will be used to partially finance the full redemption of the company’s bonds and to partially fund capital expenditures.

The bonds will be issued at face value from November 16 to 22, in time for listing at the Philippine Dealing and Exchange Corp. on December 1, according to the timetable submitted to the agency.

. . . .”

This is to clarify and/or confirm the following:

1. On 26 October 2023, Filinvest Land, Inc. (“FLI” or the “Company”) has received the pre-effective letter issued by the Securities and Exchange Commission (SEC), following the SEC’s meeting on the same date, during which, FLI’s application for shelf registration of up to Php35billion of fixed-rate bonds which may be issued in one or more tranches, was considered.

2. FLI is yet to submit the Final Prospectus as required under the Pre-effective Letter, which will cover the first tranche offering of up to Php10billion with an oversubscription of up to Php2billion.

3. Subject to FLI’s compliance with the other requirements provided for in the pre-effective letter and upon receipt from the SEC of the Order of Registration and Permit to Sell, the public offering of the first tranche of the bond offering shall run from 16 to 22 November 2023, with a listing date on the Philippine Dealing & Exchange Corp of 01 December 2023.

4. Assuming the oversubscription option is fully exercised, net proceeds from the offer are expected to reach P11.85billion. Proceeds will be used to partially finance the full redemption of the company’s bonds and to partially fund capital expenditures.

5. FLI engaged BDO Capital & Investment Corp., BPI Capital Corporation, China Bank Capital Corporation, EastWest Banking Corporation, First Metro Investment Capital, PNB Capital and Investment Corporation, RCBC Capital Corporation, and SB Capital Investment Corporation as joint lead underwriters and bookrunners for the offer.
Other Relevant Information

The disclosure is being amended to include BPI Capital Corporation in the list of the underwriters and bookrunners and to correct the name of EastWest Banking Corporation.
Filed on behalf by:
Name Katrina Clemente- Lua
Designation Corporate Secretary and Corporate Information Officer