Ayala Corp., a listed conglomerate of the Zobel family, said Monday it will redeem in July all the P10 billion worth of seven-year bonds it issued in 2016.
The redemption amount total P10.098 billion, including accrued interest. The bond was issued at coupon of 3.92 percent.
Only bondholders on record July 7 will be eligible for Ayala’s bond redemption.
After redemption, the bonds will be delisted from the Philippine Dealing and Exchange Corp. These bonds were originally issued by to refinance Ayala debt.
