AYALA Corp. on Monday said that it would be redeeming its P10-billion bonds due February 10 next year in accordance with the prospectus and the issuance's terms and conditions.
AYALA Corp. on Monday said that it would be redeeming its P10-billion bonds due Feb ruary 10 next year in accordance with the prospectus and the issuance's terms and conditions.The bonds were issued in Feb ruary 2017 with a coupon rate of 4.82 percent per year.'The bonds shall be redeemed by payment in cash of the redemption price set at 100 percent of the issue price plus all accrued and unpaid interest based on the coupon rate of 4.
6, 2025.Ayala raised net proceeds of P9.9 billion from the issuance of the seven-year bonds, which it used to refinance its peso-denominated debt obligations.In a separate disclosure, Ayala said its board had also approved the declaration of first-quarter 2025 cash dividends on its outstanding preferred 'B' Series 3 shares 'amounting to a quarter of 6.0538 percent per annum, or P30.269 per share, based on the issue price of the shares.
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