Sta. Lucia signs P5B notes facility

STA. Lucia Land Inc. (SLI) signed a P5-billion notes facility with various banks.

The use of proceeds will be for payment of existing indebtedness and for financing development costs.

China Bank Capital Corp. is the sole arranger and bookrunner while Development Bank of the Philippines acted as co-manager.

China Bank Savings Inc., China Banking Corp., Development Bank of the Philippines and Maybank Philippines Inc. are the note holders. (PR)

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