PROPERTY developer Alphaland Corp. said it borrowed P5.5 billion from BDO Unibank Inc. to mainly refinance its existing debt obligations and fund its projects.
In a statement on Friday, Alphaland said it signed a seven-year loan facility with BDO, P4 billion of which will settle all of Alphaland’s existing loans, while the balance of P1.5 billion will be set aside for its new projects.
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