Conglomerate Ayala Corp. successfully raised P20 billion from an issuance of preferred shares, which was 1.87 times oversubscribed.
Philippine Stock Exchange (PSE) president and chief executive Ramon Monzon welcomed Ayala’s successful offering of Class B preferred shares amidst global market uncertainties during a listing ceremony Thursday.
“This offering, I understand, was oversubscribed by 1.87 times. A testament that offerings will continue to attract capital if the issuer is known and proven to be responsible, relevant, and sustainable, generating not only profit for its shareholders but creating value for all stakeholders,” Monzon said.
Monzon noted the Ayala Group has been active in the equities market, even during volatile and challenging conditions.
From 2020 to the present, the group has raised P122 billion from eight offerings.
These include the initial public offering of real estate investment trust company AREIT Inc., stock rights and preferred shares offerings of ACEN Corp., a stock rights offering of Globe Telecom, and preferred shares offerings of Ayala Corp. in 2023, 2024, and 2025.
The Ayala Group also has the most listed firms on the local bourse, with 10.
Ayala president and chief executive Cezar Consing said that net proceeds from the offer will be used to invest in ACEN and refinance peso-denominated obligations.
“The successful re-issuance and listing amidst global market uncertainties of our Class B preferred shares, which raised P20 billion, paying a dividend rate of 6.2903 percent per annum, reflects the enduring support of the investing public in both Ayala and the Philippine capital markets,” Consing said.
Ayala Group companies account for 21 percent of the total market capitalization on the PSE and 17 percent of the outstanding corporate debt securities listed on the Philippine Dealing and Exchange Corp.
“Ayala’s purpose is to build businesses that enable people to thrive. Being able to continue delivering on this purpose requires that we continue to tap our capital markets. Only by doing so can we deliver businesses that achieve the scale and truly deliver meaningful impact,” Consing said.
Ayala has earmarked P230 billion for 2025 capital expenditures, primarily to support the expansion plans of its core real estate, power generation, and telecommunication businesses.
