Bloomberg News

Ayala Corp. Says It Will Redeem Early 6 Billion Peso Bonds

September 28, 2011

Sept. 28 (Bloomberg) -- Ayala Corp. said its executive committee approved the early redemption of 6 billion pesos ($138 million) of bonds on Nov. 22.

The bonds will be redeemed in cash at 100 percent of the issue price plus all accrued and unpaid interest based on a coupon rate of 6.825 percent and an early redemption penalty of 0.5 percent, Ayala said in a disclosure to the stock exchange today.

To contact the editor responsible for this story: Cecilia Yap at cyap19@bloomberg.net


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