REAL estate company Ayala Land Inc. (ALI) decreased by 3.42 percent week on week, or from P27.80 to P26.85, as the local market was heavily influenced anew by the statements of the Federal Reserve Bank, the devaluation of the Philippine peso and the recent monetary policy of the Bangko Sentral ng Pilipinas.

However, ALI has shown that its fundamentals are still intact, as it recently listed its P12-billion fixed-rate bonds due 2028 on the Philippine Dealing & Exchange Corp. on May 5, 2022. This six-year bond listing was the biggest bond issuance of ALI in the past eight years and the second-largest issuance in the company's history. The bond offering was well-received by the market, having gathered P60 billion in orders or five times the issue size.