Ayala Land Inc. (ALI) is set to raise ₱10 billion through a sustainability-linked loan (SLL) this month, as part of its broader ₱50 billion capital raising program for the year, according to CFO Augusto D. Bengzon. The initiative highlights the company’s push to align financing with its environmental and social targets, while strengthening its balance sheet.
Of the total funding plan, ₱30 billion is earmarked for sustainability-linked instruments, with one-third to be raised through loans and the rest via bonds—expected to be issued by October. “The bilateral (loans) and bond format will happen in the fourth quarter,” Bengzon told reporters.
Proceeds from the capital raise will support Ayala Land’s ₱95 billion in capital expenditures (capex) and maturing obligations for 2025. As of June, the developer had already spent ₱40.2 billion in capex, allocating 42 percent to residential development, 25 percent to leasing and hospitality, 23 percent to mixed-use estate development, and 10 percent to land acquisition.
The SLL underscores ALI’s commitment to sustainable finance, aligning its funding strategy with global ESG (environmental, social, and governance) trends while addressing strategic corporate financing needs.
Despite a slight 1 percent dip in consolidated 1H revenue to ₱83.06 billion, ALI posted an 8 percent year-on-year growth in net income to ₱14.17 billion, driven by robust performance in property development and resilient leasing operations. Residential revenue reached ₱41.3 billion, led by AyalaLand Premier and Alveo brands.
“Our sales momentum is improving, and we are preparing for a busy second half with ₱57 billion in new property launches and the completion of mall and hotel reinventions,” said ALI president & CEO Anna Ma. Margarita Bautista-Dy, pointing to continued growth targets into 2025.
