Philippines' Ayala Land looking at raising $240 million, official says

Argo Global Listed Infrastructure

18/07/2024 02:39

July 18 - Philippine property firm Ayala Land Inc
 ALI.PS  said on Thursday it is looking at raising 14 billion
pesos ($240 million) via sustainability-linked financing with
the International Finance Corporation, the private-sector
lending arm of the World Bank.
    The proceeds would be used to finance company projects like
the redevelopment of shopping malls, Ayala Land Chief Finance
Officer Augusto Bengzon told reporters.

 (Reporting by Neil Jerome Morales; Editing by John Mair)
 ((neiljerome.morales@thomsonreuters.com; +632 8841 8914))