Reuters logo
BRIEF-Ayala Land responds to PSE letter seeking clarification on Businessworld article
November 24, 2017 / 7:17 AM / in 19 days

BRIEF-Ayala Land responds to PSE letter seeking clarification on Businessworld article

Nov 24 (Reuters) - Ayala Land Inc:

* Responds to PSE letter seeking clarification on businessworld article entitled “ALI to accelerate capex spending in 2018”‍​

* Clarifies co still in process of finalizing 2018 funding requirements & 2018 capital expenditure budget

* Estimates to raise around 15 billion pesos to 20 billion pesos “from the debt capital markets next year to support our plans”

* On track to reach 90 billion pesos worth of residential projects launched at end of 2017 Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below