LISTED property developer Ayala Land Inc. (ALI) has raised P20.5 billion in fresh capital for its sustainability-linked financing (SLF) program.
LISTED property developer Ayala Land Inc. has raised P20.5 billion in fresh capital for its sustainability-linked financing program.This comes after the successful listing of P6 billion in sustainability-linked bonds last week along with a P14.5-B sustainability-linked loan obtained from the International Finance Corp. .
4-hectare residential development, Ciela at Aera Heights Phase 1, with P600 million.There are at least 11 more residential tower developments, two commercial developments, two dorm/hostel projects, and two land acquisitions that will benefit from the net proceeds through intercompany borrowings or equity infusions.The sustainability-linked loan from IFC, meanwhile, is the company's first loan from a multilateral agency and will be drawn down in four disbursements.
Land Raises P20.5B In Sustainability Financing
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