Ayala Land Inc., the property giant of Ayala Corp., will raise an additional P9 billion in debt capital through the issuance of retail bonds and/or corporate notes for listing on the Philippine Dealing and Exchange Corp.
This will bring Ayala Land’s total approval to P50 billion primarily for the purpose of refinancing outstanding loans and partially financing our general corporate requirements.
The company’s board of directors approved this plan in a meeting on Wednesday. Watch out for details of this on this space.