The Securities and Exchange Commission (SEC) has approved the planned offering by real estate giant Ayala Land Inc. (ALI) of Association of Southeast Asian Nations (ASEAN) sustainability-linked bonds to raise up to ₱15 billion for the payment of debt and funding of capital expenditures (capex).
The planned offering consists of the principal amount of ₱10 billion, with an oversubscription option of up to ₱5 billion, comprising 6.0671-percent per ann
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