Ayala Corp. (PSE: AC) successfully listed ₱20 billion worth of Preferred Class “B” shares on the Philippine Stock Exchange (PSE), marking a significant move in its capital-raising strategy and reinforcing investor confidence in both the conglomerate and the domestic capital markets.
The offering drew strong demand from both institutional and retail investors, prompting Ayala to fully exercise its oversubscription option. A total of 10 million preferred shares were issued – 5 million as base and 5 million from the oversubscription – at an offer price of ₱2,000 per share, with a fixed quarterly dividend yield of 6.2903 percent per annum.
The listing ceremony was attended by key officials from the PSE and the Securities and Exchange Commission (SEC), including PSE president and CEO Ramon S. Monzon, COO Roel A. Refran, commissioner McJill Bryant T. Fernandez, and SEC chairperson Francis Edralin Lim. Ayala Corp. was represented by CFO Alberto M. de Larrazabal and other senior executives.
Ayala president and CEO Cezar P. Consing, in a pre-recorded message, emphasized the significance of the listing: “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.” He noted that the Ayala Group now accounts for 24 percent of total outstanding preferred shares in the domestic market.
Consing said that capital market access remains integral to Ayala’s strategy of building businesses that drive scale and social impact.
