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Philippines’ Ayala gets approval to sell PHP 30 billion debt securities
By Marisa Wong
Morgantown, W.Va., June 23 – Ayala Corp. said its board of directors approved up to PHP 30 billion of debt securities at its meeting on Friday.
The securities will be sold in one or more tranches through public offerings under a three-year shelf registration with the Philippine Securities and Exchange Commission.
Ayala is a Makati City, Philippines-based conglomerate.
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