AYALA Land Inc. on Monday listed P15 billion worth of fixed-rate bonds with the Philippine Dealing and Exchange Corp. (PDEx), a move the real estate firm said bucked current market challenges.
The P15-billion offering consisted of P10.075 billion worth of five-year series-A fixed rate bonds due 2028 and P4.925 billion worth of 10-year series-A fixed rate bonds due 2033. It also marked the last tranche of the company's 2021 Securities Program (due 2028) and the first tranche of its 2023 Securities Program (due 2033).
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