Paul Hastings Advises Placement Agents on Ayala Land’s US$356 Million Top-Up Placement

January 14, 2015

Hong Kong (January 14, 2015) - Paul Hastings, a leading global law firm, announced today that it advised the placement agents on Ayala Land, Inc.’s (“Ayala Land”) US$356 million (PHP16 billion) top-up placement.

Ayala Land is a leading diversified property developer in the Philippines. Proceeds of the placement will support Ayala Land’s capital expenditure program for 2015, which is estimated at PHP100 billion.

Paul Hastings has advised on several capital markets transactions by Ayala Land over the past few years, including its US$300 million top-up placement in 2013 and its US$326 million top-up placement in 2012.

The Paul Hastings team was led by corporate partner Steven Winegar, with support from associate Tim Sung.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.