PROPERTY giant Ayala Land Inc. (ALI) said on Tuesday its board has approved the company’s plan to raise P30 billion from the debt market within the first half of the year to finance general corporate requirements.
In a disclosure to the Philippine Stock Exchange (PSE), ALI said its board of directors approved the raising of P20 billion through the issuance of retail bonds or corporate notes, or through bilateral term loans, all with a term of up to 10 years.
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