AC redeems P10-B bonds ahead of sked

Diversified Ayala Corp. (AC) fully redeemed P10 billion of its 5.45 percent bonds due on 2019 to fulfill call option on the debt instruments.

AC confirmed the full payment was done last No­vember 23, which was the date of the call option it earlier an­nounced.

“The payment was effect­ed through the Philippine De­pository & Trust Corporation, the appointed registrar and paying agent for the Bonds,” AC reported to the bourse.

The bond’s aggregate redemption amounted to P10.186 billion inclusive of ac­crued interest plus additional amount.

The redemption amount per minimum denomination of P50,000.00 is P50,931.25.

The redemption amount is payable to all bondholders on record by November 21.

With the exercise, the list­ing of the bonds at the Phil­ippine Dealing & Exchange Corp. (PDEX) will be termi­nated, AC said. RIZA LOZADA