LISTED property developer Primex Corporation said it has prepaid its loan obligations worth P1.8 billion with two major banks ahead of schedule given its strong financial position and ahead of an expected increase in interest rates.
In a disclosure to the Philippine Stock Exchange on Tuesday, Primex, along with subsidiary Primex Realty Corporation and affiliate Primex Land Inc., said it settled all of its bank obligations with Metropolitan Bank & Trust Co. and BDO Unibank Inc.
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