SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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)

May 14, 2021

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 City Postal Code 1226

8. Issuer's telephone number, including area code

(02)7908-3000

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	627,440,701
Preferred B Series 1 Shares	20,000,000
Preferred B Series 2 Shares	30,000,000
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 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of news article entitled, "SEC greenlights Ayala Corp.’s P30-B debt program"

Source	BusinessMirror (Online Edition)
Subject of News Report	SEC greenlights Ayala Corp.’s P30-B debt program
Date of Publication	May 13, 2021

Clarification of News Report
This refers to the request to clarify the news article entitled “SEC greenlights Ayala Corp.’s P30-B debt program” posted in BusinessMirror (Online Edition), it was reported in part that: “THE Securities and Exchange Commission (SEC) has given the go signal for Ayala Corp.’s P30-billion debt securities program. ‘In its meeting on May 11, the commission en banc resolved to render effective the registration statement of Ayala, subject to the company’s compliance with certain remaining requirements,’ the corporate regulator said in a statement on Wednesday. . . . . The bonds will be listed and traded on the Philippine Dealing & Exchange Corp. Around P9.88 billion of net proceeds is expected from the first tranche of the P30-billion debt securities program should the oversubscription option be exercised. According to the company’s prospectus filed with the SEC at the end of March, majority of the proceeds will be used to pay for its short-term loans and it will partially be used to fund the company’s capital expenditures. . . . .” We would like to clarify that Ayala Corporation received the pre-effective letter from the SEC dated May 11, 2021 covering the registration of P30 billion to be issued under a Debt Securities Program to be registered with the SEC. The first tranche, will be up to P10 billion comprised of a base offer of P6 billion with an overallotment option of P4 billion. The registration of the first tranche requires the issuance of an Order of Effectivity and a Certificate of Permit to Offer Securities for Sale from the SEC. The issuance of which is subject to compliance with the conditions in the pre-effective letter.
Other Relevant Information
None