MANILA — Philippines property firm Ayala Land Inc ALI.PS is planning to raise P15 to 20 billion ($255 million to $340 million) through corporate bonds in 2025, an executive said on Wednesday.
Proceeds of the bond sale, which might include sustainability-linked instruments, will be used for capital expenditure and payment of maturing debts, Jose Eduardo Quimpo, Ayala Land’s head of corporate finance, told reporters.
($1 = 58.69 Philippine pesos)
— Reporting by Neil Jerome Morales; Editing by John Mair
