Ayala Seeks SEC Approval for PHP 30 Billion Bond Shelf Registration

Ayala Corp. has applied for regulatory approval to establish a bond shelf registration of up to PHP 30 billion.

The move aims to secure funding flexibility for future peso-denominated debt issuances over the next five years.

In a disclosure to the stock exchange on Thursday, Ayala confirmed that its board of directors had approved the filing with the Securities and Exchange Commission (SEC).

The proposed shelf registration covers potential issuances of Philippine peso-denominated bonds, which are intended to be offered through general public offerings.

The mechanism allows the company to undertake bond issuances “on an efficient and timely basis” throughout the five-year period, subject to prevailing market conditions and necessary regulatory approvals.

Shelf registration permits companies to raise funds in tranches without seeking separate approvals for each specific issuance, enabling them to respond more quickly to favourable market windows rather than launching a full registration process for every debt offer.

The filing is currently subject to approval by the SEC, as well as the Philippine Stock Exchange and the Philippine Dealing and Exchange Corp., to ensure compliance with listing and trading requirements.

The Ayala group holds interests across a wide range of sectors, including banking, property, telecommunications, energy, water infrastructure, health care, and logistics.

Access to the domestic bond market remains a critical funding channel for large corporations in the Philippines, particularly as they navigate volatile global markets and elevated interest rates.

Featured image: Edited by Fintech News Philippines based on an image by sodawhiskey via Freepik.

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