Ayala Land looking at P15 billion to P20 billion via bonds next year

November 13, 2024 - 12:52 PM
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AyalaLand inc. (The STAR/File)

 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