(July 19, 2012) - 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 countrys leading property developers.
The placement will fund Ayala Lands 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
. Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.