| THE AYALA WAY

Vol 6 No 29

Ayala Corporation CFO Alberto de Larrazabal and Treasurer Estelito Biacora; SMBC Country Head and Managing Director Yasushi Iwata and Manila Branch Executive Director and Head of Corporate Banking Ruben Victa; and Mizuho Bank General Manager Masaaki Wada and Joint General Manager Yasunori Iwamoto with the Ayala, SMBC, and Mizuho deal teams on March 19

CREATE VALUE TOGETHER

Ayala Signs $200M Yen-Denominated Samurai Loan

Ayala Corporation, Mizuho Bank, and Sumitomo Mitsui Banking Corporation have signed a yen-denominated term loan equivalent to US$200 million (P11.5 billion) after a positive appraisal from the Japan Credit Rating Agency (JCR). This funding will be used for general corporate purposes.

Ayala secured beneficial loan rates after being awarded a foreign currency long-term issuer rating of "A-" from JCR, which is in line with the Philippine sovereign rating. This rating indicates a relatively high level of creditworthiness and suggests that Ayala has a strong capacity to meet its financial commitments.

“This maiden yen-denominated loan broadens Ayala Corporation’s partnership with Japanese financial institutions, particularly Mizuho and SMBC. The Samurai Loan enhances Ayala group’s capital raising options and helps us better grow businesses that enable people to thrive,” said Ayala Treasurer Estelito Biacora.

"We, Mizuho Bank, as Ayala’s long-standing financial partner, are deeply honored to have played a key role as the Rating Advisor for Ayala’s first JCR rating. This achievement reflects our strong partnership and shared commitment to financial excellence," said Mizuho Bank General Manager Masaaki Wada.