Ayala Land floats more ‘Homestarter’ bonds:
MANILA, Philippines—Property giant Ayala Land Inc. plans to raise as much as P3 billion from the sale of “Homestarter” bonds to retail investors wishing to put up seed money to buy residential units.
This will be the fifth in a series of these innovative “Homestarter” bond instruments and the largest since the first issue was floated in 2006. The last time that ALI issued such bonds was last year.
In a disclosure to the Philippine Stock Exchange on Tuesday, ALI said it had mandated BPI Capital Corp., China Banking Corp., PNB Capital & Investment Corp. and RCBC Capital Corp. to underwrite the offering.
The bonds will be sold through a g...
Keep on reading: Ayala Land floats more ‘Homestarter’ bonds
MANILA, Philippines—Property giant Ayala Land Inc. plans to raise as much as P3 billion from the sale of “Homestarter” bonds to retail investors wishing to put up seed money to buy residential units.
This will be the fifth in a series of these innovative “Homestarter” bond instruments and the largest since the first issue was floated in 2006. The last time that ALI issued such bonds was last year.
In a disclosure to the Philippine Stock Exchange on Tuesday, ALI said it had mandated BPI Capital Corp., China Banking Corp., PNB Capital & Investment Corp. and RCBC Capital Corp. to underwrite the offering.
The bonds will be sold through a g...
Keep on reading: Ayala Land floats more ‘Homestarter’ bonds
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