Metrobank Inks a Deal with Ayala Corp for P11B | The City Roamer
Home | Bulletin Board | Business | Metrobank Inks a Deal with Ayala Corp for P11B

Metrobank Inks a Deal with Ayala Corp for P11B


Ayala CorpAyala 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.

metrobankSince 2012, the bank has consistently partnered with the various members of the Ayala Group, mainly to fund its capital expenditure and equity financing requirements.

Metrobank and Ayala Corp executives

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).

Summary
Metrobank Inks a Deal with Ayala Corp for P11B
Article Name
Metrobank Inks a Deal with Ayala Corp for P11B
Description
Metrobank has recently granted an Php11 billion bilateral term loan to Ayala Corp. The bank has partnered with the Ayala Group since 2012.
Author
Publisher Name
The City Roamer
Publisher Logo
Facebook Comments


Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.