Tuesday, February 7, 2023
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FHL Wholesale Corporate Bond listed on SPX

The Fijian Holdings Limited (FHL) Wholesale Corporate Bonds is now listed on the South Pacific Stock Exchange.

FHL Acting Chairman, Jiaoji Koroi said it is truly a landmark for Fiji’s capital market as the first listing of wholesale corporate bonds raised under the Companies (Wholesale Corporate Bonds) Regulations 2021, with the collaboration of the Reserve Bank of Fiji, the International Financial Corporation and SPX.

“FHL is a principal investment firm and the company’s strategic plan after the pandemic was to diversify sources of capital. FHL set out to raise $30 million Wholesale Corporate Bonds on 18 November, however, the subscription’s received from investors last month was $31.2 million, an over subscription of $1.4 million.”

He said as a listed secured wholesale corporate bonds that offers competitive interest rates on the market, the company is thankful for the support received from the 11 bond-holders during the short offer period.

“FHL hopes that the listing will encourage other corporate to raise bonds as an alternative source of capital,” he added.

Ilaitia Ravuwai
Ilaitia Ravuwai
Journalist | news@fijilive.com
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