SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Mar 16, 2017

2. SEC Identification Number

152747

3. BIR Tax Identification No.

000-153-790-000

4. Exact name of issuer as specified in its charter

AYALA LAND, INC.

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

31F, Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City Postal Code 1226

8. Issuer's telephone number, including area code

908-3111

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	14,712,682,588
Preferred Shares	13,066,494,759

11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Ayala Land, Inc.ALI

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Confirmation - Property giant Ayala Land readies P7-billion bond offering in April

Source	Business World
Subject of News Report	Property giant Ayala Land readies P7-billion bond offering in April
Date of Publication	Mar 16, 2017

Clarification of News Report
We respond to your letter seeking our clarification and/or confirmation on the news article entitled “Property giant Ayala Land readies P7-billion bond offering in April” posted in Business World Online on March 16, 2017. The article reported in part that: “AYALA LAND, Inc. is firming up another bond offering for next month to raise P7 billion more from a three-year debt securities program for capital expenditures and other requirements. . . . . Ayala Land is looking to offer the bonds on April 10-21 and list them on the Philippine Dealing & Exchange on April 28, Corporate Communications Manager Suzette P. Naval said in a mobile phone message. The company will have the right to redeem the bonds in whole before the maturity date. It may decide to repay an amount equivalent to 102% of the bonds’ face value on the seventh year; 101% on the eight and 100.5% on the ninth. . . . . Ayala Land expects to net P6.92 billion from the bonds. It earmarked the proceeds for the completion of retail spaces, offices, hotels and a transportation hub across six developments in Makati, Quezon City and Parañaque. . . . .” We confirm the foregoing details of the bond offering of Ayala Land. We likewise advise the following: a) In relation to the redemption of the bonds, the percentages in reference to the face value of the bonds are the Call Option Prices that will apply on each Call Option Date. b) Proceeds will be used to partially finance the Company’s general corporate requirements and/or for such specific purposes as may be determined from time to time, including but not limited to the capital expenditures discussed above.
Other Relevant Information
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