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Ayala mandates banks for US dollar senior perpetual notes

A subsidiary of conglomerate Ayala Corp., AYC Finance Ltd. has mandated banks for the offering of dollar-denominated fixed-for life (non-deferrable) senior perpetual notes.

A subsidiary of conglomerate Ayala Corp., AYC Finance Ltd. has mandated banks for the offering of dollar-denominated fixed-for life (non-deferrable) senior perpetual notes.

The Hong Kong Shanghai Banking Corp. has been hired as sole global coordinator while BPI Capital Corp. Credit Suisse (Hong Kong) td., HSBC, J.P. Morgan Securities plc and UBS AG Singapore Branch (“UBS”) have been tapped as joint lead managers and joint book runners for the issue.

The rates for fixed-for-life perpetual notes never change.

Ayala Corp. is one of the country’s largest conglomerates with interests in real estate, financial services, telecommunications, industrial technologies, water, power generation, infrastructure, healthcare and education.

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