FIJIAN Holdings Ltd (FHL) has paid down $15.2 million in wholesale corporate bonds that matured on November 30, 2025.
This cuts in half its $30million debt from its wholesale corporate bond issued in November 2022, where it became the first company listed on the South Pacific Stock Exchange (SPX) to do so.
Announcing the payment last week on SPX, the iTaukei investment institution informed shareholders that the issuance was a key component of its 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,” it stated.
“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 October 31, 2025.”
Over the three-year term of the matured bonds, FHL paid a total of $1.368 million in interest to bondholders, it added.
Two tranches remain outstanding under the original issuance:
• $10.8 million five-year bond, maturing in November 2027; and
• $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,” it stated.
