FDC Plans to Issue Reg-S Only USD-denominated Senior Unsecured Notes

Further to the disclosure made on 29 July 2020, Filinvest Development Corp. (PSE: FDC) will make its planned international bond offering through Filinvest Development Cayman Islands (FDCI), an offshore special purpose vehicle, and will be guaranteed by FDC. FDCI intends to offer and issue Reg-S only USD-denominated senior unsecured notes, subject to market conditions. The notes, if issued, are expected to be unrated.

The net proceeds from the planned issuance of the notes are intended to be used to refinance FDC’s existing indebtedness and to finance FDC’s investments in digitalization, renewable energy, water, desalination and wastewater, district cooling and other infrastructure projects.

FDC has mandated UBS AG Singapore Branch as Sole Global Coordinator, Joint Lead Manager and Joint Bookrunner and Standard Chartered Bank as Joint Lead Manager and Joint Bookrunner alongside UBS for the transaction.

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