{"id":29536,"date":"2014-10-21T10:58:34","date_gmt":"2014-10-21T02:58:34","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=29536"},"modified":"2014-10-21T19:00:43","modified_gmt":"2014-10-21T11:00:43","slug":"ayala-land-to-sell-shares-this-week","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/10\/21\/ayala-land-to-sell-shares-this-week\/","title":{"rendered":"Ayala Land to sell shares this week"},"content":{"rendered":"<figure id=\"attachment_27603\" aria-describedby=\"caption-attachment-27603\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/10\/shutterstock_103476707.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-27603\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/10\/shutterstock_103476707-300x212.jpg\" alt=\"Shutterstock Photo\" width=\"300\" height=\"212\" \/><\/a><figcaption id=\"caption-attachment-27603\" class=\"wp-caption-text\">Shutterstock Photo<\/figcaption><\/figure>\n<p>MANILA \u2013 Ayala Corp. (AC) will start offering its Class B Series 2 preferred shares this week starting on Thursday.<\/p>\n<p>In their disclosure to the Philippine Stock Exchange, AC said that the sale period will run from October 23 to 29, while the listing of the shares will be on November 5.<\/p>\n<p>The company will be offering up to 30 million preferred shares. Prices will start at P500 each. Thus, total amount will be P15 billion.<\/p>\n<p>\u201cProspective investors are encouraged to review the prospectus prepared by Ayala for the offer and consult their respective tax and other advisors when considering a purchase of the shares,\u201d the company said.<br \/>\nAccording to AC, the proceeds will be used to refinance certain peso dominated obligations worth P12.95 billion. This include debt obligations to BDO (P10 billion), Metrobank (P1.46 billion), and other corporate loans from The Philippine American Life and General Insurance Co., Philplans First Inc., Philam Bond Fund, Inc., and Government Service Insurance System (P1.49 billion).<br \/>\nFor the offer, BPI Capital Corp. has been appointed as the issue manager and lead underwriter, while joint lead underwriters are BPI Capital, BDO Capital Corp., and First Metro Investment Corp.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 Ayala Corp. (AC) will start offering its Class B Series 2 preferred shares this week starting on Thursday. &hellip;<\/p>\n","protected":false},"author":44,"featured_media":27603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[8327],"class_list":["post-29536","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-ayala-corp","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/29536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=29536"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/29536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/27603"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=29536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=29536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=29536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}