Filinvest Land shelf registration approved

THE Securities and Exchange Commission (SEC) said Friday that it had approved Filinvest Land Inc.'s (FLI) shelf registration of up to P35 billion worth of fixed-rate bonds.

In an en banc meeting a day earlier, the commission "resolved to render effective" FLI's registration statement involving peso-denominated bonds, to be issued in one or more tranches, subject to the firm's compliance with remaining requirements.