Redemption of Ayala Corporation’s P5.0 Billion 4.4542% Series C Bonds Due 2025

Ayala Corporation advises its bondholders of 4.4542% Series C Bonds Due 2025 of the final redemption of outstanding bonds amounting to P5,000,000,000.00 on the maturity date, May 26, 2025.

Details of the redemption are set out below:

Principal amount:

P5,000,000,000.00 (aggregate Issue Price outstanding as of the date of this Notice)

Issue Price: 

P5,000,000,000.00 

Redemption Price:

P5,000,000,000.00 

Maturity Date: 

May 26,2025, on which date all interest on the Bonds will cease to accrue and payment of the Redemption Amount will be made to each Bondholder 

Aggregate Redemption Amount: 

P 5,055,677,500.00 (includes accrued interest but before any applicable tax deduction) 

Redemption Amount Per Minimum Denomination of P50,000.00:

P50,556.775 (before any applicable tax deduction). Applicable taxes, including any taxes that may be due as a result of the application of the provisions of Revenue Regulations No. 14-2012 and its related Revenue Memorandum Circulars, will be accordingly deducted or withheld by the Issuer in reliance to the reports of its appointed Registrar and Paying Agent; and that should any deficiency taxes be assessed, the same shall be borne by the Issuer. 

Payment Procedure: 

Amounts due to Bondholders due to such redemption will be paid by the Issuer thru the Philippine Depository & Trust Corp. (“PDTC”) as Paying Agent, in the customary manner for payments by the Issuer on the Bonds prior to the Maturity Date. For clarity, PDTC will remit the Redemption Amount to the designated Cash Settlement Accounts nominated by Bondholders as appearing in the Registry 

Record Date: 

Payment of the Redemption Amount will be made to Bondholders recorded as such on 22 May 2025 in the electronic Register of Bondholders maintained by the Philippine Depository & Trust Corp. as Registrar 

Approval of Redemption: 

Pursuant to the Terms and Conditions of the Issue duly incorporated in the Prospectus and in the Trust Indenture dated May 5, 2022

There shall be no secondary trading of the Bonds or modifications in the accounts starting on the Record Date. The listing of the Bonds on the Philippine Dealing & Exchange Corp. shall be terminated upon redemption on Maturity Date.