Philippines’ Ayala sets maturities for upcoming fixed-rate bonds

By Marisa Wong

Los Angeles, April 13 – Ayala Corp. filed with the Philippine Securities and Exchange Commission on Tuesday a registration statement for its previously proposed peso-denominated fixed-rate bonds.

The upcoming issuance will consist of series C bonds due 2025, series D bonds due 2027 and series E bonds due 2029.

As previously announced, Ayala plans to issue up to PHP 10 billion of bonds with an up to PHP 5 billion over-allotment option.

This will be the second tranche under the company’s PHP 30 billion debt program registered with the Philippine SEC in May 2021.

Philippine Rating Services Corp. has assigned a rating of PRS Aaa to the proposed issuance.

Ayala is a Makati City, Philippines-based conglomerate.

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