PHILIPPINES PRESS-Ayala Land's $338.6 mln bond sale gets SEC nod-BusinessMirror

Thu Apr 10, 2014 8:53pm EDT

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The Philippines' Securities and Exchange Commission on Thursday approved property developer Ayala Land Inc's planned 15-billion-peso ($338.6 million) bond float, proceeds of which will be used for programmed capital expenditures this year, the BusinessMirror newspaper reported.



NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 44.3050 Philippine pesos) (Compiled by Manila Newsroom; Editing by Sunil Nair)