Lucia Land, Inc. was able to raise P5 billion from various banks through the issuance of corporate notes facility which it will use to repay debts and fund development costs, the company told the Philippine Stock Exchange on Tuesday. China Bank Capital Corp. was tapped as the sole arranger and bookrunner while the Development Bank of the Philippines (DBP) will serve as the co-manager. China Bank Savings Inc., China Banking Corp., the DBP, and Maybank Philippines Inc. are the notes holders. The projects for development have an aggregate size of over 1.43 million square meters (sqm). Lucia is a listed real-estate developer with projects located in 200 areas across the country.

Source: Manila Times March 20, 2018 16:52 UTC