Property developer Ayala Land Inc. on Monday listed P15 billion worth of fixed-rate bonds on the Philippine Dealing & Exchange Corp.
ALI chief finance officer Augusto Bengzon said the company would use the proceeds from the fund-raising activity to partially finance this year’s capital expenditure program.
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ALI budgeted P85 billion for 2023 capital spending plan to mainly roll out more malls, offices and hotels across the country.