CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Dec 12, 2017
2. SEC Identification Number
34218
3. BIR Tax Identification No.
000-153-610-000
4. Exact name of issuer as specified in its charter
Ayala Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
32F to 35F, Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati CityPostal Code1226
8. Issuer's telephone number, including area code
(02) 908-3000
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares
621,292,010
Preferred B Series 1 Shares
20,000,000
Preferred B Series 2 Shares
27,000,000
Voting Preferred Shares
200,000,000
11. Indicate the item numbers reported herein
Item 9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Ayala CorporationAC
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Financial Close of GNPower Dinginin Unit 2
Background/Description of the Disclosure
GNPower Dinginin Ltd. Co., a Philippine limited partnership of AC Energy Holdings, Inc. (AC Energy), Therma Power, Inc. and Power Partners Ltd.Co., achieved financial close for the project financing of the second unit of its 2 x 668 MW super-critical coal fired power plant, in Dinginin, Bataan (the “GNPD Project”). AC Energy is a wholly owned subsidiary of Ayala Corporation, with approximately 50% economic stake in GNPD project.
The estimated project cost of the GNPD Project is US$1.7bln, with the debt component to be provided by Philippine banks.
The GNPD Project will support the increasing electricity demand of Luzon and Visayas. Construction of the first unit is well underway, and is targeted for commercial operations by 2019, with the second unit scheduled for completion by 2020.
The secured financing for the GNPD unit 2 brings AC Energy’s attributable capacity to over 1,600 MW, moving closer to attain its 2020 goal of reaching 2,000 MW attributable capacity of power plants that are operational or under construction.