Fijian Holdings Limited ("FHL") is pleased to announce that it has paid down $15.2 million in wholesale corporate bonds that matured on 30 November 2025. These bonds formed part of the $30 million wholesale corporate bonds issued in November 2022 as a key component of FHL's broader debt restructuring strategy following the impacts of COVID-19 pandemic.
The $30 million bond raising undertaken in 2022, was part of FHL's refinancing strategy following the disruptions and economic pressures brought about by the COVID-19 pandemic. The bonds allowed the Group to refinance short-term obligations, stabilise liquidity, and strengthen the balance sheet at a critical stage of economic recovery.
Importantly, a portion of the bond proceeds was allocated towards the development of the FHL Tower, FHL's flagship commercial property project, which was officially opened on 31 October 2025.
Over the three-year term of the matured bonds, FHL paid a total of $1.368 million in interest to bondholders. This reflects the Group's consistent fulfilment of its obligations and commitment to maintaining a strong reputation in capital markets.
FHL expresses its sincere appreciation and gratitude to all bondholders for their continued trust and confidence in the company. Your support through the subscription of these wholesale bonds has contributed significantly to the Group's ability to navigate challenging economic conditions, maintain operational continuity across the portfolio, and position FHL for long-term sustainable growth.
Following the repayment of the 2025 maturity, two remaining tranches under the original issuance remain outstanding:
• $10.8 million five-year bond, maturing in November 2027 • $4 million seven-year bond, maturing in November 2029
The Group continues to monitor market conditions and evaluate funding strategies to ensure that future maturities are managed effectively and in alignment with FHL's long-term capital structure objectives.