trending Market Intelligence /marketintelligence/en/news-insights/trending/fyieytdlihtzcqduei_3eg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Philippines' Ayala Land clarifies report on potential 5B-peso bond issuance

Blog

Real Estate News & Analysis: April Edition

Blog

COVID-19 Impact & Recovery: Investment Banking

Blog

COVID-19 Impact & Recovery: Governments

Blog

COVID-19 Impact & Recovery: Academia


Philippines' Ayala Land clarifies report on potential 5B-peso bond issuance

Ayala Land Inc. said it may issue up to 5 billion Philippine pesos worth of fixed-rate bonds from its shelf registration, which presently has a balance of 8 billion pesos.

The statement clarifies an Aug. 8 BusinessWorld Online report that the Filipino real estate company was considering a 5 billion peso bond issuance to partially finance its CapEx for the year.

Ayala Land added that it may decide to raise the size of the potential issuance to up to 8 billion pesos, with a view of using the additional 3 billion pesos of proceeds to term out short-term loans.

As of Aug. 8, US$1 was equivalent to 53.06 pesos.