Deliver Your News to the World

Ayala Land lists P16B equity top-up placement


Ayala Land, Inc. (ALI) held a bell ringing ceremony at the Philippine Stock Exchange (PSE) for the listing of the subscription tranche of its P16 billion equity top-up placement, which is the largest capital-raising activity for ALI as a listed company.

“The amount of capital raised in this deal is a testimony to the trust that investors have on the company,” said PSE Chairman Jose T. Pardo in his welcome remarks during the ceremony. “Since most of those who subscribed to the placement were global institutional investors, I believe that the success of this offering is also a testament to the confidence that investors have on the Philippine equity market as well as in the country’s economy,” Mr. Pardo added.

Shown in the photo (L-R): ALI Treasurer Augusto D. Bengzon; ALI Chief Finance Officer Jaime E. Ysmael; ALI President and CEO Bernard Vincent O. Dy; ALI Chairman Fernando Zobel de Ayala; PSE Chairman Jose T. Pardo; PSE President and CEO Hans B. Sicat; PSE Chief Operating Officer Roel A. Refran and PSE Director Alejandro T. Yu.

( Press Release Image: )


This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.