ALI lists P12-B bonds on PDEx – Manila Bulletin

Real estate giant Ayala Land, Inc. (ALI) listed its 12 billion peso fixed rate bonds due 2028 on Philippine Dealing & Exchange Corp. (PDEx) after the offering was oversubscribed five times with orders amounting to 60 billion pesos.

This 6-year bond is ALI’s largest bond issue in the past eight years and the second largest issue in the company’s history. The bonds bear an interest rate of 5.8086% per annum, payable quarterly.


“This strong market reception has led to prices at the narrow end of the spread range, demonstrating retail and institutional investors’ unwavering confidence in Ayala Land’s credit and resilience,” the Deputy Treasurer of Ayala Land said. ALI, Jose Emilio Jamir.

The net proceeds of the issue will be used for refinancing and general corporate purposes.

“Ayala Land continues to show its resilience and cement its impact in our communities. With Ayala Land’s excellent track record, the SEC is very optimistic that the additional financing of this offering would add value and increase excitement in our capital markets,” the Securities and Exchange Commissioner said. , Kelvin Lester Lee.

Philippine Dealing and Exchange Corp. Chairman and CEO Antonio A. Nakpil praised ALI for pioneering the use of the electronic securities issuance portal in 2021, after which nine other issuers followed suit. not.

This has resulted in more efficient transactions through electronic facilities, as well as reduced resource usage and storage costs.

“We hope that translating green motherhood statements from mantras to actual numbers places more value on the engraved crystal plaque that you, the Pilot Transmitter, received at last month’s PDS Awards. Your lead has had an impact real,” Nakpil said.

ALI’s 12 billion peso listing brings the year-to-date total of new listings on PDEx to 216.46 billion pesos, surpassing 2021’s total annual level of 213.45 billion pesos.