Ayala Corp. Oks P30-B Shelf Offering

Ayala Corp.‘s board of directors has approved the company’s filing of shelf registration with the Securities and Exchange Commission (SEC) of up to PHP30 billion.

In a disclosure to the Philippine Stock Exchange Friday, the conglomerate stated that it eyes a three-year shelf offering in one or more tranches.

Ayala Corp. intends to sell the debt securities through general public offerings.

“Relevant documents and information will be filed with the pertinent regulatory agencies in due course,” the listed firm said.

As of posting, Ayala Corp.’s last trading price declined by 1.46 percent or 12.50 points to PHP842.50 per share from Thursday’s closing of PHP855 apiece. (KMC/PNA)