ALI gets nod for green bond offer

The Securities and Exchange Commission (SEC) has approved the planned offering by real estate giant Ayala Land Inc. (ALI) of Association of Southeast Asian Nations (ASEAN) sustainability-linked bonds to raise up to P15 billion for the payment of debt and funding of capital expenditures (capex).

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The planned offering consists of the principal amount of P10 billion, with an oversubscription option of up to P5 billion, comprising 6.0671-percent per annum (p.a.) series C bonds due 2030 and 6.3192-percent p.a. series D bonds due 2035.

This represents the fourth tranche of the company’s existing P50-billion shelf registration for the offering and sale of debt securities in one or more tranches approved by the SEC on June 13, 2023.