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Ayala Land plans Malaysia expansion after purchase of property

Mimi Sabreena 3:05:00 PM Informasi

MANILA (April 18): Philippine builder’s MCT venture bought 9.25 hectares real property in Malaysia for a mixed-use development that will focus on residential market, Ayala Land President Bobby Dy says at briefing in Manila after shareholders meeting.

* Ayala Land is currently selling 10b pesos of 10-year debt at a coupon of 5.9203%, CFO Augusto Bengzon says at same briefing, describing pricing as “very tight”

* NOTE: Philippine government sold 10-year bonds on Tuesday at average yield of 6.213%

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