Saturday 18 August
Powered by Ajaxy
Sep 1, 2016 @ 18:54

Ayalas secure $400M syndicated loan

 

The Ayala-led Bank of the Philippine Islands has inked a $400-million three-year syndicated term loan facility, attracting a diverse group of Asian, European, and American lenders.

The facility is the first of its kind for BPI in the US dollar syndicated loan market, BPI said in a stock exchange filing.

Strong interest from foreign groups prompted BPI to upsize the amount from $250 million to $400 million.
BPI said the facility would be used to fund strong growth in loans and investments.

Mandated lead arrangers and bookrunners were Commerzbank Aktiengesellschaft, Hong Kong Branch; Sumitomo Mitsui Banking Corporation, Singapore Branch; United Overseas Bank Limited Acting Through Its Offshore Banking Unit of Taipei Branch; Bank of America Merrill Lynch; Hua Nan Commercial Bank, Ltd., Offshore Banking Branch and Mega International Commercial Bank Co., Ltd., Offshore Banking Branch.

Tags: , , , , , , , , ,

Related Stories
The country wants to tap Japanese money for local infrastructure.
This lawyer and banker has found a new home.
On September 18, 2015, the US Environmental Protection Agency (EPA) reported that VW had installed
Audi chief executive Rupert Stadler was arrested Monday in connection with parent company Volkswagen's "dieselgate"


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.