AYALA LAND ISSUES, LISTS P10 B IN BONDS:

Ayala Land, the country’s biggest property developer, recently issued and listed on the Philippine Dealing and Exchange Corp. P10 billion in bonds due 2028. Ayala Land chief finance officer Augusto Bengzon (9th from left) said the 10-year bond offering was well-received by both retail and institutional investors. Also seen here are executives of Ayala Land, lead underwriters BDO Capital and Investment Corp., China Bank Capital Corp. and PNB Capital and Investment Corp., and lead managers Development Bank of the Philippines and Maybank Kim Eng Capital Partners Inc.