Ayala raising ₱20 billion from preferred shares offer

The Securities and Exchange Commission (SEC) has approved the planned P20-billion offering of re-issued preferred shares by Zobel-led Ayala Corp.

- BY JAMES A. LOYOLA

In its meeting on May 27, 2025, the Commission en banc resolved to render effective the registration statement of Ayala covering the re-issuance of five million preferred B shares, with an overallotment option of up to five million shares, subject to the company’s compliance with certain remaining requirements.

Ayala will offer the preferred shares at P2,000 apiece. Assuming the overallotment option is fully subscribed, the listed conglomerate could net up to P19.86 billion from the offer.