Ayala increases bond

Strong retail demand prompts the conglomerate to increase its bond issue from $150 million to $200 million.
February 17, 2003

An additional $50 million line of paper was added to Ayala Corp's $150 million Reg S eurobond yesterday (Monday). The five-year deal was originally priced on Friday via lead manager JPMorgan and like SM Investments before it, attracted strong demand from Asian private banking clients.

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