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The company sold a total of 5.2 million shares; 4.0 million shares represented the base offer, while the remaining 1.2 million shares were allocated for excess demand by investors.

“Ayala was listed in the PSE in 1976. Since then, we have been one of the country’s most active capital market issuers,” said Bong Consing, Ayala Corporation President & CEO.

“In the pandemic period alone, our various companies raised a total of P273 billion from the domestic and international capital markets. We have been particularly focused on raising capital for our ESG-related initiatives,” he added.

Ayala will use the proceeds of this issuance to support its various growth initiatives, including refinancing of short-term loans and maturing bond obligations as well as funding capital expenditures.

“This successful capital markets issuance despite the challenging market environment highlights the continued confidence of both institutional and retail investors in the growth prospects of the Philippines and Ayala,” said Albert de Larrazabal, Chief Finance Officer of Ayala Corporation.

“This transaction also ensures that Ayala’s balance sheet remains robust amidst continued global inflation pressure and markets volatility,” he added.

Ayala Preferred Class “A” Shares

Present in the listing were House Speaker Ferdinand Martin Romualdez, Department of Finance Secretary Benjamin Diokno, Bangko Sentral ng Pilipinas Governor Felipe Medalla, Securities and Exchange Commission Chairperson Emilio Aquino, Philippine Stock Exchange Chairman Jose Pardo, Retired Chief Justice and now PSE Independent Director Teresita J. Leonardo-De Castro, PSE Director Vivian Yuchengco, PSE President & CEO Ramon Monzon, PSE Chief Operating Officer Roel Refran, Ayala Corporation Advisor to the Board Fernando Zobel de Ayala, Ayala Corporation Chief Human Resources Officer Francisco Romero Milán, and Ayala Corporation Treasurer Estelito Biacora.

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