INQUIRER.net: Ayala Corp. raising P10B from preferred shares offer

INQUIRER.net Philippine News for Filipinos

Get the newest, latest, hottest Find shoes, heels, flats, active, essentials and more in the latest styles. Save up to 40% on select items. From our sponsors

Ayala Corp. raising P10B from preferred shares offer Oct 25th 2013, 01:29 MANILA, Philippines--Conglomerate Ayala Corp. has obtained approval from the Securities and Exchange Commission to raise as much as P10 billion from a domestic offering of preferred shares this November. Ayala plans to issue 20 million in class "B" preferred shares at a maximum price of up to P500 per share, based on a document from the SEC. The offering period will run from November 4 to 8. Proceeds from the offering will be used to partially refinance certain US dollar-denominated debt due in the last quarter of 2013 totaling P10.25 billion. Funding for the balance of these obligations will be sourced from internally generated funds and/or other credit facilities. The cong... Keep on reading: Ayala Corp. raising P10B from preferred shares offer Media files: pse.jpg (image/jpeg)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions