Ayala Land raises P8B from sustainability-linked bond, boosting ESG leadership

November 13, 2024
10:00PM PHT

Ayala Land, Inc. (ALI) marked a major milestone with the listing of its P8 billion 10-year Sustainability-Linked Bond (SL-Bond) on the Philippine Dealing & Exchange Corp. (PDEx).

This issuance forms part of the company’s ambitious P28 billion sustainability-linked financing initiative, launched in July 2024. 

With this new tranche, Ayala Land’s total SL-Bond issuance rises to P14 billion, cementing its leadership in sustainable finance. 

The bonds are linked to critical sustainability performance targets, showcasing the developer’s commitment to achieving net-zero emissions by 2050.

Anna Ma. Margarita “Meean” Dy, president and CEO of Ayala Land, highlighted the importance of this achievement. 

“The success of this sustainability-linked financing program, novel as it may be in the country, shows that the Philippine investing community realizes that sustainable finance is integral to the urgent pursuit of sustainability,” said Dy.

From left: Mariana Zobel de Ayala ALI Senior Vice President (SVP) & Group Head of Leasing & Hospitality; Atty. Maria Franchette M. Acosta Group General Counsel & Corporate Secretary, ALI; Ma. Theresa B. Ravalo President & Chief Executive Officer (CEO), Philippine Depository & Trust Corp.; Jose Eduardo A. Quimpo II, ALI Vice President & Head of Corporate Finance; Anna Ma. Margarita B. Dy, ALI President & CEO; Robert S. Lao, ALI SVP & Chief Sustainability Officer; Jose Emilio Jamir, ALI AVP & Deputy Treasurer, and Antonio Nakpil, President & CEO, Philippine Dealing & Exchange Corp. CLICK ON PICTURE FOR FULL IMAGE/Photo from Ayala Land 

The increasing interest in these bonds underscores a shift in investor focus, balancing financial returns with environmental, social, and governance impact.

“Our sustainability journey continues. We will continue to pursue large, impactful projects that will improve the quality of life of Filipinos,” Dy said. 

“We are committed to being at the forefront of sustainable development in the country, and we call on our peers, the investment community, and all Filipinos to join us in creating a sustainable future,” she added. 

Featured News
Explore the latest news from InsiderPH
Wednesday, 14 May 2025
Insight to the one percent
© 2024 InsiderPH, All Rights Reserved.