Ayala Corp to tap markets for debt refinancing

April 26, 2024 - 2:03 PM
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Ayala Corp.

 Philippine conglomerate Ayala Corp AC.PS is looking to raise up to 29 billion pesos ($501.43 million) this year to refinance maturing debts, the company’s chief financial officer Albert de Larrazabal told reporters on Friday.

($1 = 57.8350 Philippine pesos)

— Reporting by Neil Jerome Morales