^

Freeman Cebu Business

Ayala secures $200 million loan from Metrobank

Ehda M. Dagooc - The Freeman

CEBU, Philippines — Ayala Corporation (Ayala) has secured a senior long-term loan facility amounting to US$200 million from Metropolitan Bank & Trust Co. (Metrobank).

The loan facility supports Ayala’s strategic financing initiatives for its ongoing commitments and investments in emerging portfolios, such as technology and payments, health, logistics and mobility.

The deal was signed on September 16, 2024, by Ayala Corporation’s Chief Finance Officer Alberto de Larrazabal, Ayala Corporation Treasurer Estelito Biacora, Metrobank Head of Institutional Banking Sector Mary Mylene Caparas, and Metrobank Head of Large Corporates Maria Elena Trinidad.

“We have always been a proud partner of Ayala Corp. because we share their mission of enabling individuals and businesses in the country. This deal is a testament to our decades-long support to the Ayala Group’s growth aspirations of building businesses that transform industries, challenge the status quo and bring innovations that contribute to the Philippines’social and economic development goals, all while being a standard bearer for good corporate governance,” said Metrobank Institutional Banking sector head Mary Mylene Caparas.

Metrobank, one of the country’s largest and most trusted financial institutions, has been a long-standing financial partner of Ayala and its business units providing credit facilities for real-estate developments, renewable energy projects, and data centers.

“This loan agreement with Metrobank will support our efforts to sharpen our portfolio and allocate capital to clear business winners. We are glad to partner with Metrobank, an institution that has been working with us for over 30 years, supporting our purpose of building businesses that enable people to thrive” said Larrazabal.

METROPOLITAN BANK & TRUST CO.

Philstar
  • Latest
Latest
Latest
abtest
Recommended
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with