^

Business

ALI starts P4-B bond offering

- Zinnia B. Dela Peña -

Property giant Ayala Land Inc. (ALI) started offering yesterday P4 billion worth of bonds with a fixed rate of 8.75 percent.

In a statement, ALI said the bonds will be issued at 100 percent of their face value and are due in 2013. Minimum subscription is P50,000 and in multiples of P10,000 thereafter, a move likely to appeal to retail investors seeking options for their long-term savings.

The bond issue, which ends Friday, is handled by BPI Capital Corp., Hongkong & Shanghai Banking Corp. and Land Bank of the Philippines.

ALI treasurer Augusto D. Bengzon said the exercise will support the company’s growth plans focused on launching more residential units and steadily expanding its office segment and shopping center lines.

vuukle comment

ALI

AUGUSTO D

AYALA LAND INC

BENGZON

CAPITAL CORP

LAND BANK

SHANGHAI BANKING CORP

  • Latest
  • Trending
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with