| THE AYALA WAY

Vol 6 No 63

"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 that delivers meaningful impact."

CEZAR P. CONSING
Ayala President and CEO

Ayala Corporation Head of Corporate Strategy and Business Development Mark Robert Uy, Treasurer Estelito Biacora, Chief Legal Counsel Franchette Acosta, Comptroller Josephine De Asis, Deputy CFO Juan Carlos Syquia, and CFO Alberto de Larrazabal; SEC Commissioner McJill Bryant Fernandez and Chairperson Francis Edralin Lim; and PSE President and CEO Ramon Monzon, COO Roel Refran, Head of Issuer Regulation Division Marigel Baniqued-Garcia, and General Counsel Veronica Del Rosario at the listing of Ayala's Preferred Class "B" Shares on June 19

CREATE VALUE TOGETHER

Ayala raises P20B from reissuance of Preferred Class “B” Shares

Ayala Corporation successfully listed P20 billion Preferred Class “B” Shares at the Philippine Stock Exchange on June 19. The company sold a total of 5 million shares constituting the base size of the offer and an oversubscription of 5 million shares to address the substantial demand by institutional and local small investors.

Ayala President and CEO Cezar Consing affirmed the Ayala Group's continued support of the Philippine capital markets: "The successful reissuance and listing amidst global market uncertainties of our Preferred Class “B” Shares reflect the enduring support of the investing public in both Ayala and the Philippine capital markets."

"This issuance underscores the continued ability of Philippine corporate issuers like Ayala Corporation to access capital markets effectively, supporting their growth and optimizing capital despite volatile market conditions," said Ayala CFO Alberto de Larrazabal.

Added Ayala Treasurer Estelito Biacora: “Market confidence is evident in the deal amid challenging investment markets. The issuance was well received with strong backing from institutional and retail investors, which allowed Ayala to exercise its oversubscription option of up to P20 billion."

The preferred shares were issued at a dividend rate of 6.2903 percent per annum and, after an initial marketing spread of 40 to 95 basis points, priced at the tightest end of the range at 40 bps. The total book size was P28.7 billion, with the demand 2.8 times as much as the P10 billion base offer. BPI Capital and BDO Capital served as joint issue managers. The joint underwriters and bookrunners were BPI Capital, BDO Capital, Chinabank Capital, First Metro Investment Corporation, PNB Capital, RCBC Capital Corporation, and Security Bank Capital, while East West Banking Corporation supported the transaction as selling agent.