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Ayala Land, Inc. offers P15 billion bonds to public

Ayala Land, Inc. (the "Company") commenced on April 16, 2012 its public offer of P15 billion bonds, the largest debt issue of the Company to date. The bonds consist of an aggregate principal amount of P10 billion with an oversubscription option of up to P5 billion. It will be issued in two tranches of seven and ten years, with coupon rates of 5.625% and 6.0%, respectively.
The public offer will run from April 16, 2012 until 3:00 pm of April 23, 2012. Issue date for the bonds is scheduled on April 27, 2012.

BPI Capital Corporation and The Hong Kong and Shanghai Banking Corporation Limited are joint lead managers and underwriters while BDO Capital and Investment Corporation and First Metro Investment Corporation are co-lead managers and underwriters for the offering.
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"Ayala Land, Inc. offers P15 billion bonds to public" was written by Mary under the Business category. It has been read 2304 times and generated 0 comments. The article was created on and updated on 19 April 2012.
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