Metrobank Inks a Deal with Ayala Corp for P11B
Ayala Corporation (Ayala Corp) recently secured an P11 billion bilateral term loan from Metropolitan Bank & Trust Co. (Metrobank). The oldest conglomerate, Ayala Corp has diversified interests across a number of industries, including real estate, financial services, telecommunications, and a broad range of investments in water, industrial technologies, education, healthcare, power, infra networks and services, and international operations.
“We are privileged to be an Ayala Group partner in its efforts to change the developmental landscape of the Philippines, ” says Metrobank Executive Vice President and Head of Institutional Banking Sector Mylene Caparas. “Apart from supporting them through our out-of-the-box initiatives, we are likewise determined to promote sustainable business practices and broaden economic inclusivity,” Caparas added.
Since 2012, the bank has consistently partnered with the various members of the Ayala Group, mainly to fund its capital expenditure and equity financing requirements.
Closing the deal were Metropolitan Bank & Trust Co. Executive Vice President and Head of Institutional Banking Sector Mylene Caparas (Center left) and Ayala Corp Chief Financial Officer Jose Teodoro K. Limcaoco. The signing was witnessed by Metrobank Senior Vice President and Head of Corporate Banking Group Antonio R. Ocampo Jr,( left) and Ayala Corp Treasurer Ma. Cecilia T. Cruzabra (right).