Ayala-led Manila Water Co. Inc. has inked a seven-year long-term loan facility with three Japanese banks, with the funds earmarked for capital expenditures focused on improving its services.
In a statement, the water concessionaire said the ¥40-billion (P15.57 billion) facility would be funded by The Bank of Tokyo-Mitsubishi UFJ Ltd., Mizuho Bank Ltd. and Sumitomo Mitsui Banking Corp. The deal was signed yesterday.
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