Ayala Land raises P15 billion from sustainability-linked bonds

Ayala Land, Inc. (ALI) successfully raised P15 billion through its fourth tranche of sustainability-linked bonds (SLBs), part of its P50-billion debt securities program.

The issued bonds are divided into a five-year Series C due 2030 with a 6.0671% interest rate and a ten-year Series D due 2035 with a 6.3192% interest rate.

These SLBs are linked to ambitious sustainability goals, including a 42% reduction in greenhouse gas emissions by 2030 and achieving EDGE Zero Carbon certification for 1.5 million square meters of office space by 2025.

The funds raised will be allocated to refinancing existing debt (60%) and financing capital expenditures for significant projects (40%), such as the BPI Headquarters redevelopment and Ayala Malls Evo City in Cavite.

This issuance marks the completion of ALI's debt funding plan for 2025, having raised a total of P56 billion, underscoring the company's commitment to integrating sustainability into its growth strategies.

Philippine Rating Services Corp. (PhilRatings) has awarded these bonds a PRS Aaa rating, signifying a stable outlook.