AYALA LAND, Inc. ($ALI) received Triple A (AAA rating) credit score from Philippine Ratings Services Corp. (Philratings) for its proposed bonds amounting to P7 billion. The AAA rating indicates minimal credit risk and “extremely strong” capacity of the issuer to meet its financial commitment on the bonds. Ayala offers 5.2624 percent per annum for 10 years.
Minimum Investment: Php 50,000
Succeeding Investment: Multiples of Php 10,000
Interest: 5.2624 percent per annum for 10 years.
Proceeds will be used to partially finance the Company’s general corporate requirements and/or for such specific purposes as may be determined from time to time, including but not limited to the capital expenditures such as for the completion of retail spaces, offices, hotels and a transportation hub across six developments in Makati, Quezon City and Parañaque.