Ayala Land lists P15-billion bonds on PDEx

Property developer Ayala Land Inc. on Monday listed P15 billion worth of fixed-rate bonds on the Philippine Dealing & Exchange Corp.

ALI chief finance officer Augusto Bengzon said the company would use the proceeds from the fund-raising activity to partially finance this year’s capital expenditure program.

ALI budgeted P85 billion for 2023 capital spending plan to mainly roll out more malls, offices and hotels across the country.