Paul Hastings, a leading global law firm, announced today that it represented the placement agents in Ayala Land, Inc.’s (“Ayala Land”) US$326 million top-up placement. Ayala Land is the real-estate unit under Philippine conglomerate Ayala Corporation and is one of the country’s leading property developers.
The placement will fund Ayala Land’s capital expenditures and will be used towards capturing further real estate growth opportunities in the Philippines.
This landmark transaction marked the largest-ever overnight placement in the Philippines, and the largest by a real estate company in Southeast Asia since 2005.
The Paul Hastings team was led by partners Patricia Tan Openshaw,Steven Winegar and Neil Torpey with support from associates Joy Chen and Dane Johansen.
Related Posts:
- Paul Hastings Represents Ayala Land in US$300 Million Share Placement
- Paul Hastings Advises Deutsche Bank on Ayala Corporation’s Block Sale
- Davis Polk – Ayala Land, Inc. PHP13.6 Billion Equity Offering
- Paul Hastings Represents Ayala Corporation on Acquisition of Strategic Stake in 600 MW Philippine Power Plant
- Sidley Austin Advises UBS on Philippines’ Record Share Sale by LT Group
