Ayala Corporation signs $200 million in yen-denominated loan

MANILA – Ayala Corporation has signed its first yen-denominated term loan equivalent to US$ 200 Million (PhP 11.5 Billion), following a positive credit rating appraisal from the Japan Credit Rating Agency, Ltd. (JCR).

 

Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corporation (SMBC) served as the mandated lead arrangers and bookrunners. The proceeds will be used for general corporate purposes.

 

A ceremonial signing event was held on March 19 and was attended by Ayala Corporation Chief Finance Officer Alberto M. de Larrazabal and Treasurer Estelito C. Biacora, Mizuho General Manager Masaaki Wada and Joint General Manager Yasunori Iwamoto, SMBC Country Head and Managing Director Yasushi Iwata, and Executive Director and Head of Corporate Banking Ruben Victa.

The development comes as the company continues to diversify funding sources at competitive rates to support business growth.

 

Ayala Corporation received competitive rates for the loan as the company recently earned an inaugural Foreign Currency Long-Term Issuer Rating of “A-” from JCR that enhances its access to the Japanese market for capital needs.  The rating indicates a relatively high level of creditworthiness and suggests that Ayala Corporation has a strong capacity to meet its financial commitments.

 

“This maiden yen-denominated loan broadens Ayala Corporation’s partnership with Japanese financial institutions, particularly Mizuho and SMBC. The Samurai Loan enhances Ayala Group’s capital raising options and helps us better grow businesses that enable people to thrive,” Mr. Biacora said.

 

“We, Mizuho Bank, as Ayala’s long-standing financial partner, are deeply honored to have played a key role as the Rating Advisor for Ayala’s first JCR rating. This achievement reflects our strong partnership and shared commitment to financial excellence,” Mr. Wada said.

 

For further information, please contact: investorrelations@ayala.com.ph