AYALA Land Inc. (ALI) recently listed its P3-billion fixed-rate bonds, which are due 2024, on the Philippine Dealing & Exchange Corp. (PDEx).
China Bank Capital Corporation was the sole lead underwriter and bookrunner.
“The deal was priced at 35 basis points (BPS), the lowest spread ever (since PDEx started in 2008) for a domestic five year corporate bond. This is the second tranche under ALI’s P50 billion debt securities program (DSP) registered with the Securities and Exchange Commission,” the property developer said in a statement.
ALI Chief Finance Officer, Chief Compliance Officer and Treasurer Augusto D. Bengzon said the company will return for another listing in November, as they plan to raise ₱10 billion from the issuance of the fixed-rate bonds.
