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Ayala raises P20B amid strong demand
Manila Bulletin
|June 20, 2025
Ayala Corp., the country's oldest conglomerate, has successfully raised P20 billion from the issuance of preferred class “B” shares, which it listed on the Philippine Stock Exchange (PSE) on Thursday, June 19.
The Zobel-led firm said in a statement that the offering attracted substantial interest from institutional and retail investors.
Ayala sold a total of five million shares constituting the base size of the offer, and an oversubscription of five million shares to address substantial demand among investors.
The preferred shares were issued at P2,000 per share and are payable quarterly with an initial dividend rate of 6.2903 percent per annum.
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