Ayala Land said the base offer will amount to P14 billion plus an oversubscription option for another P5 billion.It said P10.4 billion will be used to partly finance capital expenditures while P8.37 billion will be used to partially refinance short-term loans used to pay for the early redemption of its bonds issued in 2018.Ayala Land hired BDO Capital & Investment Corp., BPI Capital Corp., China Bank Capital Corp., East West Banking Corp., First Metro Investment Corp., RCBC Capital Corp.
During the first quarter of 2023, Ayala Land said net income jumped by 42 percent to P4.5 billion while total revenues climbed 26 percent to P30.9 billion. INQSubscribe to our daily newsletter
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