Hi Tomas,
Thank you very much for the insight. In a regular burst mode operation the Vfbctrl is somewhere around 2.5V with switching frequency of about 36kHz with burst frequency of around 600hz. The statements that you mentioned are all correct.
However, I am experiencing a strange behavior in the FBCTRL whenever I increase the load (from NL to a certain light load say 0.11A).
Here's the waveform.

As I increase the load, a [Sub-Burst mode frequency of 3.7Hz with 100ms FBCTRL blanking] appeared which causes the output to go unstable.
Is this a normal phenomenon?
Warm regards,
Lorenzo