News ICCP Arranges PH500M Term Loan for Pueblo de Oro
L-R: Rhoda C. Lao, VP, Treasurer, PDO; Antonio E. Cruz, Jr., SVP Segment Head – Chinese Banking Segment, RCBC; Rhoel Alberto B. Nolido, President & COO, PDO; Eugene S. Acevedo, President & CEO, RCBC; Guillermo D. Luchangco, Chairman& CEO, PDO; Elizabeth E. Coronel, FSVP, Group Head—Conglomerates & Global Corporate Banking, RCBC; Valentino S. Bagatsing, President & CEO, Investment & Capital Corporation of the Philippines; Bernice L. Uy-Gaspar, SVP, Division Head—Chinese Banking Segment, RCBC
Investment & Capital Corporation of the Philippines (ICCP) successfully raised a PhP500 million unsecured term loan facility with the Rizal Commercial Banking Corporation (RCBC).
The additional tranche forms part of the PhP800 million total debt financing that PDO has mandated ICCP to arrange.
This term loan facility will be used to support Pueblo de Oro’s ongoing capital expenditure program for its existing and upcoming residential and mixed-use projects nationwide.
The first tranche of funding was previously arranged by ICCP through a PhP300 million unsecured term loan with the United Coconut Planters Bank (UCPB) in December 2018.