Metrobank extends P2.5B for Pepsi expansion
The loan agreement has been refreshed.
Bilyonaryo George Ty has revived its commitment to finance expansion plans of Pepsi-Cola Products Philippines Inc. for another five years.
The Philippine Star reported that Ty’s Metropolitan Bank & Trust Co. has extended a fresh P2.5-billion loan line for the listed beverage maker, which will support local expansions.
Pepsi remains upbeat about the Philippine market despite new taxes imposed on soft drinks and other sugary drink products.