Metrobank Lends PhP7 Billion to Globe for Capex

Manila, Philippines – Metropolitan Bank & Trust Co. (Metrobank) has extended PhP7 billion worth of loans to Ayala-led Globe Telecom Inc. to finance its capital expenditures.

Metrobank announced yesterday it has inked a 10-year loan facility worth PhP5 billion and another US$45 million seven-year facility with Globe.

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Source: The Philippine Star

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