Overview
Ayala Land is the leading and most diversified real estate conglomerate in the Philippines; it is engaged in the planning and development of large scale, integrated estates with residential, office and commercial developments, industrial lots, leasing of commercial and office spaces and the development, and operation of hotels and resorts.
Key Investment Highlights:
- Proven Track Record and Strong Brand Reputation
- Well-Managed, Highly Capable, and Professional Organization
- Substantial and Strategically Located Land Bank
- Php 96.3 Bn FY 2020 Revenues
- Php 8.7 Bn FY 2020 Net Income
- Php 721.5 Bn FY 2020 Total Assets
Key Investment Risks:
- The Bonds are not insured by the Philippine Deposit Insurance Corp.
- The following may affect Ayala Land’s ability to service its debt:
- Public health epidemics or outbreaks
- Legally-mandated grace period on installment payment
- Highly competitive business environment
- Increases in debt
- The Bonds may be subordinated to other notarized debt of Ayala Land.
- Principal and interest are not guaranteed in case the borrowing company defaults.
- Prior to maturity, prices of the Bonds in the exchange may change based on prevailing market conditions.
- The Bonds are less liquid than equity instruments listed in the Philippine Stock Exchange.
Terms and Conditions
| Issuer | Ayala Land Inc. |
| Issue Amount | Php 10,000,000,000.00 |
| Tenor | 4 Years |
| Indicative Interest Rate | 3.8108% – 4.5108% p.a. gross
3-day average of 4-year BVAL + spread |
| Purchase Price | At par (or 100% of face value) |
| Interest Payment | Quarterly in arrear |
| Minimum Investment | Php 50,000 with increments of Php 10,000 thereafter |
| Interest Rate Setting Date | April 14, 2021 |
| Public Offer Period | April 19 – April 23, 2021 |
| Target Listing and Issue Date | April 30, 2021 |
This communication should be read as an introduction to the Preliminary Offer Supplement which can be accessed here. Any decision to invest in the securities should be based on a consideration of the Preliminary Offer Supplement, including risk factors, as a whole by the investor.
Disclaimer
A REGISTRATION STATEMENT RELATING TO THE SECURITIES OF THE COMPANY (AYALA LAND, INC.) HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION BUT HAS NOT YET BEEN DECLARED EFFECTIVE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE AND SHOULD BE REPORTED IMMEDIATELY TO THE SEC. NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE ACCEPTED OR RECEIVED UNTIL THE REGISTRATION STATEMENT HAS BECOME EFFECTIVE, AND ANY SUCH OFFER MAY BE WITHDRAWN OR REVOKED, WITHOUT OBLIGATION OF COMMITMENT OF ANY KIND, AT ANY TIME PRIOR TO NOTICE OF ITS ACCEPTANCE GIVEN AFTER THE EFFECTIVE DATE. AN INDICATION OF INTEREST IN RESPONSE HERETO INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND.