PROPERTY developer Ayala Land Inc. (ALI) said Friday that it raised P2.715 billion in fresh funds from an "oversubscribed" block sale of 75 million common shares of its real estate investment trust AREIT Inc., at a price of P36.20 apiece, via a placement agreement with UBS AG Singapore branch and BPI Capital Corp.
"The transaction was multiple times oversubscribed, given the solid demand from high-quality, long-only institutional investors," ALI said in a stock exchange filing.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.