(From BusinessWorld (Philippines))
Byline: Jennee Grace U. Rubrico
Ayala Corp. has set the issuance of P5 billion worth of bonds on Oct. 7.
In a disclosure at the Philippine Stock Exchange, the company said the bonds, which would mature in 2009, will have a coupon rate of 12.677% per annum, payable quarterly.
The offer period for the bonds would be from Sept. 29 to Oct. 4, Ayala Corp. said.
"Ayala Corp. was granted by the Securities and Exchange Commission yesterday [Sept. 28] a permit to offer securities to sell for [P5 billion] worth of Ayala bonds," it said.
The bonds mature on Oct. 8, 2009, Ayala Corp. said in the …