October 02, 2013

Ayala Land postpones P6-B bond offering by subsidiaries

Ayala Land Inc. announced that it has indefinitely postponed the P6b retail bond issuances by its subsidiaries pending compliance with regulatory requirements.

The company was hoping to enable its units to tap the capital markets and expand the group’s capability to raise funds. In the meantime, funding requirements will have to be raised on the parent level.

ALI has successfully raised P6b from a bond issuance last Monday and this would complete the P21b funding. - WealthSec