Ayala Corporation Fixed-Rate Bond
13 November 2007Ayala Corporation is issuing up to PhP 5.0B worth of fixed-rate bonds to refinance their existing debt and for general working capital. The bond has a tenor of 5 years and 1 day. The issue date is November 21, 2007 and the maturity date is November 22, 2012. It has a coupon rate of 6.825% paid every quarter. The coupon payments are subject to 20% with holding tax. The underwriter and selling agents are BPI Capital Corp., BDO Capital and Investment Corp., First Metro Investment Corp., ING Bank N.V., Land Bank of the Philippines, and Standard Chartered Bank. The bonds are sold in denominations of PhP 50,000.00. They are rate PRS Aaa by Philratings.
The offer period begins November 12, 2007.
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