Ayala’s AC Energy reports tenders of $130.72 million 5.65% notes

By Wendy Van Sickle

Columbus, Ohio, Nov. 18 – Ayala Corp.’s energy subsidiary, AC Energy and Infrastructure Inc., received tenders of $130,724,000 of its original $400 million 5.65% guaranteed undated notes (ISIN: XS2082433736) by the deadline of its tender offer for the notes, according to a notice.

The offer was announced on Nov. 4 and expired at noon ET on Nov. 17.

At the outset of the tender offer, $213,112,000 of the notes was outstanding.

Following settlement, which is expected to occur on Nov. 19, $82,388,000 principal amount will remain outstanding.

Credit Suisse (Hong Kong) Ltd. acted as dealer manager.

The notes were issued by AC Energy’s wholly owned subsidiary, AC Energy Finance International Ltd.

Ayala is a Makati City, Philippines-based conglomerate.

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