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, Chairman and CEO of ICCP. “These partnerships with PBCOM and BPI strengthens PDO’s commitment to fostering sustainable countryside development.”

For his part, PDO President and Chief Operating Officer Prim Nolido, said, “We are excited to partner with PBCOM and BPI to further our mission of creating high-quality residential communities. This financing will enable us to continue developing exceptional living spaces that meet the needs and aspirations of Filipino families.”

The loan agreements underscore Pueblo de Oro’s commitment to expanding its residential development portfolio across the Philippines, providing more Filipinos with access to well-planned, sustainable  homes and  communities.

In photo during the signing ceremony of the Pueblo de Oro-PBCOM term loan agreement are (from left) ICCP Managing Director Bernice Gaspar, PDO Treasurer Rhoda Lao, PDO President & COO Prim Nolido, PBCOM Executive Vice President and Head of the Corporate and Commercial Banking Group Victor Martinez, and PBCOM First Vice President of the Corporate and Commercial Banking Group Rowena Lagdameo.