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Ayala Land raises PHP 16 Billion from private placement

12 Jan

BY ANGPING & ASSOCIATES SECURITIES

Ayala Land (ALI) has raised PHP 16 billion in fresh equity from a top-up private placement Friday night, venturing into the capital market early in the year to boost fresh funds for expansion.

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ALI placed out 484.85 million common shares at a price of PHP 33 a share or at a 5.7-% discount to Friday’s closing price and a 3.9-% discount to the five-day volume-weighted average prior to the deal.

The deal was priced at the middle of the offering price range of between PHP 32.75 and PHP 33.50 a share.

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Posted by on January 12, 2015 in ALI, Corporate News, Stock Market

 

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