11 months ALI raising P5 B from bond sale to fund projects MB |Biz
By James A. Loyola Real estate giant Ayala Land Inc. is raising P5 billion from the issuance of fixed rate bonds with a 5-year tenor–the second issuance in relation to its 3-year Securities Program (SP) of up to P50 billion. The proceeds from the proposed bond issuance will mainly be used to partially finance ALI’s general corporate requirements and for such specific purposes as may be determined from time to time. This may include the construction of the Company’s projects such as: the Manila Bay BPO and Seda Manila Bay in Pasay, Ayala Triangle Garden Tower Two in Makati, and ... more