Ayala calls its PHP 7 billion 12.677% bonds

By Susanna Moon

Chicago, Aug. 15 - Ayala Corp. said it would redeem its PHP 7 billion of 12.667% bonds.

The redemption date is Oct. 7.

The company said it would pay 100% of the issue price plus accrued interest and an early redemption penalty of 0.75%.

Ayala is a Makati City, Philippines-based holding company of the Ayala Group, with principal business interests in real estate and hotels, financial services, telecommunications, electronics, information technology and other businesses.

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