Ayala Corp. (AC) has issued a 7-year bond at 7.45% interest. 7.45% is relatively low; e.g. SMC Series 2A Preferred shares issued this year were 7.5% for 5 years. However, considering how low the government bonds are right now, some may also favor this deal from AC.
Would I lend AC money? No. Even though AC is a good company, this is not for me. Maybe if I have millions of parked money, but for a small time investor like me, this is not the place where I put my money into. Note that taxes and fees are still excluded in 7.45%, not sure what is the net after this, maybe ~5+%.
If you are interested, the offer will be available from BPI, BDO, First Metro (investment arm of Metrobank), HSBC., ING Bank Manila, RCBC, SB Capital Investment Corp., and Standard Chartered Bank.
Would I lend AC money? No. Even though AC is a good company, this is not for me. Maybe if I have millions of parked money, but for a small time investor like me, this is not the place where I put my money into. Note that taxes and fees are still excluded in 7.45%, not sure what is the net after this, maybe ~5+%.
If you are interested, the offer will be available from BPI, BDO, First Metro (investment arm of Metrobank), HSBC., ING Bank Manila, RCBC, SB Capital Investment Corp., and Standard Chartered Bank.
