IN BRIEF

Filinvest Land to issue

P35-b fixed-rate bonds

FILINVEST Land Inc., a property developer led by the Gotianun Group, is returning to the debt market with the planned issuance of P35 billion worth of fixed-rate bonds.

FLI said in stock exchange filing Thursday its board of directors approved the registration of P35 billion worth of bonds with the Securities and Exchange Commission under its bond-shelf registration program. The bonds will be issued in tranches and will have maturity of up to seven years.

It did not provide other details including the timetable for the offering and the use of proceeds.

E-MOTORCYCLE PLANT. Integrated Micro-Electronics Inc. of the Ayala Group and California-based Zero Motorcycles inaugurate their e-motorcycle assembly line in Biñan, Laguna, marking a significant milestone in the continuing efforts of the government to position the Philippines as a hub for innovation- and sustainability-driven industries. Attending the ribbon-cutting ceremony are (from left) US Embassy charge d’ affaires Heather Variava, Board of Investments executive director Corieh Dichosa, Philippine Economic Zone Authority deputy director-general Vivian Santos, IMI chief executive Arthur Tan, Zero Motorcycles chief executive Sam Paschel, BOI governor Marjorie Ramos-Samaniego and Transportation assistant secretary James Melad.