Ayala Land Inc. pegged the interest rate for its planned two-year P10-billion retail bond offering at 3 percent per annum.
Ayala Land senior vice president and chief finance officer Augusto Bengzon said in a disclosure to the stock exchange the P6-billion bond offering with an oversubscription option for another P4 billion started on June 15 and would end on June 19.
The bonds will be issued and listed with Philippine Dealing & Exchange Corp. on June 26. The latest bond offering represents the fourth tranche from the P50-billion bond shelf registration approved by the Securities and Exchange Commission in April 2019.
The bonds will be issued in scripless form in denominations of P50,000 each, as a minimum, and in multiples of P10,000 thereafter.
