Ayala Land Inc. (ALI) said Monday it listed its P15-billion fixed-rate bonds due 2028 and 2033 on the Philippine Dealing and Exchange Corp. (PDEx). Know more:
Ayala Land Inc. said Monday it listed its P15-billion fixed-rate bonds due 2028 and 2033 on the Philippine Dealing and Exchange Corp. .
“Today marks the second largest bond issuance of ALI, our largest 5-year issuance, and the first corporate to issue a 10-year bond this year,” said Augusto D. Bengzon, Ayala Land’s CFO, treasurer and chief compliance officer. Net proceeds of the offering will be used to partially fund the company’s capital expenditures and refinance short-term borrowings for the year.
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