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Philippines’ Ayala Land to offer up to PHP 8 billion fixed-rate bonds
By Rebecca Melvin
New York, April 24 – Ayala Land Inc. may issue up to PHP 8 billion of fixed-rate bonds due 2026, representing the first tranche of an approved shelf registration for up to PHP 50 billion of securities, according to a notice.
The Philippine Securities and Exchange Commission approved the initial tranche on April 22.
Ayala is a Makati City, Philippines-based real estate developer.
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