Ayala Land to raise P10B from bond issuance
Published March 14, 2021 6:02pm Ayala Land Inc. is raising up to P10 billion from the offer of fixed-rate bonds, mainly to finance maturing debt and general corporate requirements. The bonds will have a four-year term and will be issued in denominations of P50,000 each as a minimum and in multiples of P10,000 thereafter, and will be traded in denominations of P10,000 in the secondary market, according to its prospectus filed to the corporate regulator. ALI tapped BDO Capital & Investment Corp., BPI Capital Corp., China Bank Capital Corp., East West Banking Corp., and SB Capital Investment Corp. as the joint lead underwriters and bookrunners for the transaction.