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The Ayala Land, Inc. (the "Company") issued on October 31, 2012, PHP1 Billion of fixed rate bonds (the "Ayala Land Homestarter Bonds"). The issuance represents the first tranche of the aggregate PHP3 Billion fixed rate bonds registered and approved for sale to the general public by the Securities and Exchange Commission (SEC).
The Ayala Land Homestarter Bonds, which will mature three (3) years from issue date, were issued at 100% of face value and will carry a fixed-rate coupon of 5% per annum. Proceeds, net of issue-related expenses, shall be used by the Company for general corporate purposes. BPI Capital Corporation acted as issue manager and underwriter for the issue. - https://www.affordablecebu.com/
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