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Apr 21, 2016 @ 8:50

FEU secures credit facility with BDO

 

FAR EASTERN UNIVERSITY, Inc. (FEU) has secured a credit facility with BDO Unibank, Inc. to fund the school’s expansion program.

FEU told the stock exchange on Tuesday its board of trustees accepted the offer of the Henry Sy-led lender for a multi-purpose loan of up to P3 billion.

The debt facility will finance the educational institution’s capital expenditures, strategic investments and general corporate funding requirements.

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