Vol. XXI, No. 137 [ Business World Online ]
Tuesday, February 12, 2008 | MANILA, PHILIPPINES
AYALA LAND, Inc. (ALI), the country’s largest property developer, will finance its P24.3-billion capital and project expenditures through a combination of debt and internally generated cash coming from preselling and collection from its leasing business, a top official said yesterday.
However, company Chief Finance Officer Jaime E. Ysmael did not say how much the listed property developer aims to source from the banks.
"We are still calibrating it depending how the other cashflows come in. I cannot give you a definite amount at this point. We are confident that we will be able to fund the P24 billion through a combination of all of that," he said after the company’s analysts’ briefing yesterday.> > > [ full story ]
