MASS housing developer 8990 Holdings Inc. saw a torrent of investors flock to its recent bond offering, from which the company was able to raise P9 billion in fresh funds.

“It was oversubscribed by around 2 times . . . That’s why we tapped an extra P4 billion, bringing it to P9 billion,” Eduardo Francisco, BDO Capital & Investment Corp. president, told The Manila Times in a text message.

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