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Philippines’ Ayala plans to issue PHP 20 billion of bonds
By Marisa Wong
Morgantown, W.Va., March 11 – Ayala Corp. registered to issue PHP 20 billion of bonds, according to a filing with the Philippine Securities and Exchange Commission.
The bonds will be sold through general public offerings.
Proceeds, in addition to bilateral peso facilities, will cover the company’s peso funding requirements up to 2019.
Ayala is a Makati City, Philippines-based conglomerate.
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