Ayala Land raising P25B to help fund 2018 capex
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Property giant Ayala Land Inc. (ALI) has secured board approval to raise up to P25 billion from a mix of retail bond, corporate notes and bilateral loan deals as it prepares to fund record-high capital spending this year. In a disclosure to the PhilippineAyala Land raising P25B to help fund 2018 capex
Property giant Ayala Land Inc. (ALI) has secured board approval to raise up to P25 billion from a mix of retail bond, corporate notes and bilateral loan deals as it prepares to fund record-high capital spending this year. In a disclosure to the Philippine Stock Exchange yesterday, ALI said its board had approved a P20-billion fund-raising through the issuance of retail bonds to be listed on the Philippine Dealing and Exchange Corp. and bilateral term loans. Proceeds from these borrowings will be used to partially finance general corporate requirements, the company said in the disclosure. The retail bonds, on the other hand, will be issued under the P50-billion debt securities pr...Keep on reading: Ayala Land raising P25B to help fund 2018 capex Read more