Ayala Land Inc. seeks a PHP14B ($282M) sustainability bond deal with IFC for its PHP20B ($404M) target.
Ayala Land Inc. (ALI) aims to secure a PHP14B ($282M) sustainability bond deal with the International Finance Corporation (IFC) to meet its PHP20B ($404M) sustainability-linked financing target. ALI has already raised PHP6B ($121M) from ASEAN sustainability-linked bonds, with funds used for capital expenditure. The IFC deal, expected to be finalized this week, will be part of ALI's sustainability-linked program.
July 18, 2024
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