MANILA, Philippines — Ayala Land Inc. (ALI) plans to raise up to P10 billion in retail bonds. The board likewise approved an additional P25 billion to the company’s current share buyback program bringing the available balance to P26.1 billion. Last year, ALI posted a net income of P33.2 billion, up 13 percent, while total revenue reached P168.8 billion. Of the total revenues, property development revenue reached P117.6 billion, while sales reservations grew three percent to P145.9 billion. Office revenue totaled P9.7 billion, up 12 percent as ALI expanded its office assets.

Source: Philippine Star February 21, 2020 16:30 UTC