Ayala Corporation successfully listed ₱20 billion worth of Preferred Class “B” Shares on the Philippine Stock Exchange, attracting substantial interest from institutional and retail investors.
Ayala sold a total of 5 million shares constituting the base size of the offer and an oversubscription of 5 million shares to address substantial demand among investors.
The preferred shares were issued at ₱2,000 per share and are payable quarterly with an initial dividend rate of 6.2903 percent per annum.
Present at the listing ceremony at the Philippine Stock Exchange were its officials namely President and CEO Ramon S. Monzon, and Chief Operating Officer Roel A. Refran, along with Securities and Exchange Commission Chairperson Francis Edralin Lim and Commissioner McJill Bryant T. Fernandez.
Ayala Corporation was represented by Chief Finance Officer Alberto M. de Larrazabal, Deputy Chief Finance Officer Juan Carlos L. Syquia, Chief Legal Officer Franchette M. Acosta, Treasurer Estelito C. Biacora, and Head of Corporate Strategy and Business Development Mark Robert H. Uy.
Ayala President and CEO Cezar P. Consing affirmed the Ayala Group’s continued support for the Philippine capital markets in a pre-recorded message.
“The successful re-issuance and listing amidst global market uncertainties of our Preferred Class “B” Shares reflects the enduring support of the investing public in both Ayala and the Philippine capital markets. The Ayala Group accounts for 24 percent of the total outstanding preferred shares in the domestic market,” said Consing.
Tapping into capital markets is crucial for Ayala to continue building businesses that enable people to thrive and deliver meaningful impact at scale, he added.
“This issuance underscores the continued ability of Philippine corporate issuers like Ayala Corporation to access capital markets effectively, supporting their growth and optimizing capital despite uncertain and volatile market conditions,” said Larrazabal.
