Investment Opportunity: Ayala Land Inc. Bonds Due 2020

Issuer

Ayala Land Inc.

Issue Size

Base Offer of up to Php 8.0 Billion with an Oversubscription Option of up to Php 4.0 Billion

Use of Proceeds

Net proceeds will be used for refinancing and to fund general corporate requirements including capital expenditures

Tenor 6 Years

**Indicative gross rate***5.5680% to 6.0680% p.a.

Interest payment

Quarterly in arrear

Form and denomination

Php 50,000 with increments of Php 10,000 thereafter

Indicative pricing date

[April 6, 2022]

Indicative offer period

[April 18 to April 22, 2022]

Indicative issue date

[May 2, 2022]

3About Ayala Land Inc.

Ayala Land is the leading and most diversified real estate conglomerate in the Philippines with a solid track record of developing and planning large scale, integrated estates having a mix of use for the sale of residential lots and buildings, office buildings and commercial and industrial lots, leasing of commercial and office spaces and the development, operation and management of hotels and resorts.

Key Investment Highlights

Proven Track Record

Strong brand reputation

Well-managed, highly capable and professional organization

Sustainable practices

Solid balance sheet and strong shareholder base

Growth drivers of the Philippine economy

A strong sense of malasakit (Compassion)

4Key Investment Risks

I. The bonds are not insured by the Philippine Deposit Insurance Corporation

II. The following may affect Ayala Land’s ability to service its debt:

• Public health epidemics or outbreaks

• Legally-mandated grace period on installment payment

• Highly competitive business environment

• Increases in debt

III. The bonds may be subordinated to other notarized debt of Ayala Land

IV. Principal and interest are not guaranteed in case the borrowing company defaults

V. Prior to maturity, prices of the Bonds in the exchange may change based on prevailing market conditions.

VI. The bonds are less liquid than equity instruments listed in the Philippine Stock Exchange

[Contact Us](mailto:FISDHeadOffice@securitybank.com.ph,DGarcia@securitybank.com.ph,ADAguirre@securitybank.com.ph)

For more information, contact any Security Bank branch or email FISDHeadOffice@securitybank.com.ph, DGarcia@securitybank.com.ph, and ADAguirre@securitybank.com.ph