Ayala Group Listings Comprise 20% of Philippine Bond Market
December 11, 2018 – This year, the Ayala group of companies has listed PHP 203.13 billion
worth of bonds, making up about 20% of Philippine bond market today. Last December 7,
2018, BPI reported to have listed PHP 25 billion—the largest single bond issue ever to be listed
in the Philippine Dealing & Exchange Corp. (PDEx), bringing the total local peso bond market
to the trillion-peso level.
"Today's trillion-peso bond market is the result of many factors -- a vibrant economy, an
innovative private sector, and a commitment by the government sector to enhance the
enabling environment," shared Ephyro Luis Amatong, Commissioner of the Securities and
Exchange Commission (SEC).
According to PDEx, the Ayala group has been a pioneer in the Issuer Community since the
exchange started in 2008, when Ayala Corporation and Ayala Land listed a combined total of
PHP 10 billion.
Since then, the Ayala group has consistently tapped the debt market to support the aggressive
growth strategy of its various businesses in real estate, banking, telecommunications, water,
Over the last five years alone, Ayala has invested a cumulative groupwide total of PHP 748.3
billion in capital expenditures to fund investments largely in Ayala Land and Globe Telecom,
including new ventures in energy, industrial technologies, infrastructure, healthcare, and
Ayala Corporation Chairman & CEO Jaime Augusto Zobel de Ayala strongly believes that the
Philippine economy is ripe for investments.
“Ayala has been a beneficiary of the country’s significant economic growth. This has served
as a catalyst for us to unlock many opportunities and push us to develop new ideas to incubate
new businesses, and to explore prospects for disruptive innovation,” Zobel said.