Property developer Ayala Land Inc. (ALI) is set to secure a sustainability-linked loan of about P10 billion this month, a company executive said.
The loan will be obtained from a multilateral lending institution as part of the company’s plan to raise P50 billion in the second half of 2025.
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“We’ll do the sustainability-linked loan this August,” ALI chief finance officer Augusto Bengzon said in a statement.
He said 60 percent of the planned fundraising, or about P30 billion, will be through sustainability-linked instruments.
Ayala Land also plans to issue fixed-rate peso bonds in the fourth quarter, timing the offering when interest rates are expected to decline.
“The bilateral and bond format will happen in the 4th quarter,” Bengzon said.
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