MANILA (April 18): Philippine builder’s MCT venture bought 9.25 hectares real property in Malaysia for a mixed-use development that will focus on residential market, Ayala Land President Bobby Dy says at briefing in Manila after shareholders meeting.
* Ayala Land is currently selling 10b pesos of 10-year debt at a coupon of 5.9203%, CFO Augusto Bengzon says at same briefing, describing pricing as “very tight”
* NOTE: Philippine government sold 10-year bonds on Tuesday at average yield of 6.213%
* Company plans to raise 15b to 20b pesos from debt market to fund its 111b pesos capex this year, CFO says
* NOTE: Ayala Land Sets Record Capex, Girds for 41% Rise in New Projects
* Ayala Land to open 4 malls this year which will add 300,000sqm gross leasable area
** Occupancy rate of stable malls at 97%
* Dy says 1Q economic growth remains supportive of property sector, overall environment is steady