C06753-2014

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)
Dec 29, 2014
2. SEC Identification Number
34218
3. BIR Tax Identification No.
000153610000
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
34F TOWER ONE, AYALA TRIANGLE, AYALA AVENUE, MAKATI CITY Postal Code 1226
8. Issuer's telephone number, including area code
9083000
9. Former name or former address, if changed since last report
-
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 619,436,152
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
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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

Signing of definitive documentation by AC Energy Holdings, Inc. for the financing to commence the phased construction of a 4 x 135MW coal-fired power plant in Kauswagan, Lanao del Norte

Background/Description of the Disclosure

Please be informed that GNPower Kauswagan Ltd. Co., a limited partnership owned by AC Energy Holdings, Inc., a fully-owned subsidiary of Ayala Corporation, the Philippine Investment Alliance for Infrastructure (PINAI) Fund, and Power Partners Ltd. Co., has signed definitive documentation for the financing to commence the phased construction of a 4 x 135MW coal-fired power plant in Kauswagan, Lanao del Norte.

The total project cost will be funded by both debt and equity. The debt will be financed by a syndicate of domestic banks with additional debt from international banks.

The plant will help alleviate the tight power supply situation in Mindanao. Construction of the plant is scheduled to start in early 2015.

Other Relevant Information

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Filed on behalf by:
Name Ma. Margarita Villanueva
Designation Head, Investor Relations