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Ayala Land is the largest and most diversified real estate conglomerate in the Philippines. It is engaged in land acquisition, planning, and development of large scale, integrated, mixed-use, and sustainable estates, industrial estates, development and sale of residential and office condominiums, house and lots, and commercial and industrial lots, development and lease of shopping centers and offices, co-working spaces, and standard factory buildings and warehouses, and the development, management, and operation of hotels and resorts and co-living spaces. The Company is also engaged in construction, property management, retail electricity supply and airline services.

 

For more information on Ayala Land, visit https://www.ayalaland.com.ph/
   

 

Terms of the Offer 

 

Issuer

Ayala Land, Inc.

Issue

             

Fixed-rate bonds (the “Bonds”) constituting the direct, unconditional, unsecured and general obligations of the Issuer.

Issue Amount

Principal amount of P22,000,000,000.00, with an oversubscription option of up to P11,000,000,000.00.

Maturity Date

2 years from the Issue Date or [July 4, 2024]
5 years from the Issue Date or [July 4, 2027]
7 years from the Issue Date or [July 4, 2029]

Final Interest Rate

2 years: 4.3969%
5 years: 6.2110%
7 years: 6.8045%

Interest

Interest on the Bonds shall be calculated on a 30/360-day count basis and shall be paid quarterly in arrears.

Form and Denomination

Issued in scripless form in minimum denominations of P50,000.00 each, and in multiples of P10,000.00 thereafter.

Call Option

In whole and not in part based on the schedule below:

 

Series B Bonds

Call Option Dates

Call Option Price

8th to 11th Interest Payment Date

101.50%

12th to 15th Interest Payment Date

101.00%

16th to 19th Interest Payment Date

100.50%

 

Series C Bonds

Call Option Dates

Call Option Price

16th to 19th Interest Payment Date

101.50%

20th to 23rd Interest Payment Date

101.00%

24th to 27th Interest Payment Date

100.50%

 

Offer Period

June 15-23, 2022

Issue Date

July 4, 2022

Rating

PRS Aaa by PhilRatings

Listing

Philippine Dealing and Exchange Corporation ("PDEx")

First Metro’s Role

Joint Lead Underwriter and Bookrunner

 

 

 

Final Offer Supplement

Investors are strongly advised to carefully read the contents of the Final Offer Supplement, together with the financial statements attached thereto.

Download a copy of the Final Offer Supplement.


 

  

Contact Details 

 

Any questions related to the Bond Offering may be directed to the following representatives.

 

Vicky Ang-Mariano

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Judilyn Ocampo

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