- Advertisement -
The Securities and Exchange Commission approved the P10-billion bond offering of Ayala Land Inc.
SEC market regulation department director Vicente Graciano Felizmenio Jr. said Ayala Land received the green light to start offering its P7-billion fixed rate bond issue and its P3-billion Homestarter Bonds offering.
The two issues are part of Ayala Land’s P50-billion shelf registration program earlier filed with the Securities and Exchange Commission.
Ayala Land set the interest rate for the seven-year fixed rate bonds at 3.8915 percent per annum and the P3 billion three-year Homestarter Bonds at 3 percent per annum.
The offering period for the fixed rate bonds is set from Sept. 26 to Sept 30 with issue date on Oct 7.