Ayala Land aims P55B raise for expansion and debt

Property giant Ayala Land Inc. (ALI) plans to raise P55 billion this year to fund expansion projects and settle maturing debts.

Ayala Land Chief Finance Officer Augusto Bengzon announced at a press briefing in Makati City that the majority of the raised capital, or P30 billion, will support its P95-billion capex program for 2025.

The company is allocating 37% of its budget to residential projects, 25% to estate development, 23% to leasing and hospitality, and 15% to land banking and general purposes.

The remaining P25 billion will be used to refinance maturing obligations, with 60% of the total amount coming from a sustainability-linked financing program.

Under this program, roughly half of the funds will come from multilateral agencies, while the other half will be raised through capital markets or sustainability-linked bonds.

ALI also plans to expand its commercial and industrial lots business aggressively, focusing on premium residential developments while acknowledging challenges in the middle market.