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ICCP arranges P1.25-B financing for Pueblo de Oro

INVESTMENT & Capital Corporation of the Philippines (ICCP), one of the Philippines’ leading independent licensed investment houses, has arranged a total of Php 1 billion in term loans for Pueblo de Oro Development Corporation (PDO), the residential development arm of the ICCP Group. Pueblo de Oro recently signed 7-year term loan agreements worth ₱500 million each with Philippine Bank of Communications (PBCOM) and Bank of the Philippine Islands (BPI), who also provided a Php 250-M short-term working capital line.  The proceeds from the loan facilities will be used to finance the expansion plans of Pueblo de Oro’s key projects, including its township and residential developments in Cagayan de Oro as well as Pueblo de Oro Townscapes Malvar, Pueblo de Oro Courtyards Lipa in Batangas, and subdivisions in Pueblo de Oro Pampanga. “ICCP is proud to support Pueblo de Oro on its mission to develop climate adapted townships,” said Valentino Bagatsing, […]

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