Philippines: Ayala Corp raises US$100m from IFC through social bond

Ayala Corp, one of the largest conglomerates in the Philippines, is raising US$100m from a 10-year social bond sold to IFC. The bond, issued by AYC Finance, a foreign subsidiary of Ayala Corp, will be used to refinance the development of a dedicated cancer centre in Metro Manila, among other projects.  The Social Bond, the…