Ayala Land Inc. successfully listed its 10-year, P8 billion ASEAN sustainability-linked bonds (tranche 2) at the Philippine Dealing and Exchange Corp. (PDEX) on Wednesday, further bolstering its commitment to sustainable development and climate action. The bonds are part of the developer’s P50 billion securities program approved in 2023 and carry a yield of 6.1334 percent per year.
The issuance brings Ayala Land’s total sustainability-linked financing to P28 billion, following a P20-billion issuance in July. The bonds are tied to specific sustainability performance targets, reinforcing the company’s goal of achieving net-zero emissions by 2050 and furthering its broader environmental and social sustainability agenda.
Ayala Land president and CEO, Anna Ma. Margarita B. Dy, expressed her satisfaction with the strong reception of the bonds, noting, “The success of this sustainability-linked financing program, novel as it may be in the country, brings us to the conclusion that the Philippine investing community truly realizes that sustainable finance is integral to the urgent pursuit of sustainability.”
Dy emphasized the innovative financing model will serve as a key template for future fundraising efforts, as the company continues to pursue large-scale, impactful projects that enhance the quality of life for Filipinos. Among these developments are the One Ayala Integrated Transport Hub, transit connectivity projects in Makati, Bonifacio Global City (BGC), Nuvali, and other estate projects.
The bonds were underwritten by a consortium of leading financial institutions, including BDO Capital and Investment Corp., BPI Capital Corp., China Bank Capital Corp., East West Banking Corp., First Metro Investment Corp., Land Bank of the Philippines, RCBC Capital Corp., and SB Capital Investment Corp.
