Ayala Land nets $356m from first block of 2015
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Asia

Ayala Land nets $356m from first block of 2015

Philippines flat_resized_230

Philippine real estate company Ayala Land raised Ps16bn ($356.2m) through a top-up placement of shares on the evening of January 9, in what was the first large Asian block trade of the year. Driven by reverse enquiry, the deal saw strong demand from the market soon after books opened, with shares holding up well in secondary.

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