New Issue: Philippines’ Ayala Land prices PHP 8 billion 6.369% seven-year bonds

By Marisa Wong

Morgantown, W.Va., April 26 – Ayala Land, Inc. announced it priced PHP 8 billion of 6.369% seven-year bonds.

BDO Capital & Investment Corp., BPI Capital Corp., China Bank Capital Corp., First Metro Investment Corp., PNB Capital & Investment Corp., SB Capital Investment Corp., East West Banking Corp. and ING Bank NV, Manila Branch are joint lead underwriters and bookrunners for the offering.

The bonds will be issued on May 6.

Proceeds will be used to finance hotel, office and retail projects.

Ayala is a Makati City, Philippines-based real estate developer.

Issuer:	Ayala Land, Inc.
Issue:	Bonds
Amount:	PHP 8 billion
Maturity:	Seven years
Bookrunners:	BDO Capital & Investment Corp., BPI Capital Corp., China Bank Capital Corp., First Metro Investment Corp., PNB Capital & Investment Corp., SB Capital Investment Corp., East West Banking Corp. and ING Bank NV, Manila Branch
Coupon:	6.369%
Announcement date:	April 26
Settlement date:	May 6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.