Ayala Corporation (Ayala) and Metropolitan Bank & Trust Company (Metrobank) have signed a long-term loan facility worth USD200 million, simultaneously celebrating their 30-year partnership.
Signed on September 16 this year, the loan supports Ayala’s financing initiatives for its investments in technology and payments, health, logistics, and mobility.
“This deal is a testament of 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 Mary Mylene Caparas, Metrobank Institutional Banking Sector Head.
Metrobank has a track record of offering financing for real estate developments, sustainable energy endeavors, and data facilities.
“This loan agreement with Metrobank will support our efforts to refine our portfolio and allocate capital to key business winners. We are glad to partner with Metrobank, which has supported us for over 30 years,” shared Alberto de Larrazabal, Ayala Chief Finance Officer.
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