Inquirer
Ayala Land back at bond market, this time for P15B
Ayala Land Inc. (ALI) has launched a P15-billion sustainability-linked bond offer, part of its P50-billion shelf registration.
The offer, approved by the Securities and Exchange Commission (SEC), includes a base amount of P10 billion with an option to increase by P5 billion due to high demand.
It features Series C bonds due 2030 at 6.0671% and Series D bonds due 2035 at 6.3192%.
The net proceeds are intended to finance capital expenditure requirements and debt refinancing.
The offer period began on Oct. 9 and will end on Oct. 15, with listing scheduled for Oct. 23.
This issuance comes as the Bangko Sentral ng Pilipinas (BSP) has cut rates for the fourth time this year, making fixed-income securities more attractive.
Topics in this story
Explore more stories about these topics.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
