Prime property developer Rockwell Land Corp. is set to borrow up to P5 billion from Metropolitan Bank and Trust Co. (Metrobank) to fund its various capital expenditures, the company said on Monday.
In a disclosure to the Philippine Stock Exchange, Rockwell Land said its board of directors approved on February 19 the property firm’s availing of a bilateral long-term loan facility with Metrobank worth up to P5 billion with a maturity period of five, seven or 10 years.
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