Domestic Debt round up: Ayala Land reaches out for new funders with Ps2bn bond

21 Nov 2003

? Domestic currencies

Ayala Land of the Philippines launched a Ps2bn ($36m) two tranche bond on Tuesday — its first peso denominated issue since April 2002.

HSBC and Land Bank of the Philippines led the deal, only the fourth non-government bond in the country this year. As such, it offered domestic investors a rare opportunity ...

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