TRANS-ASIA Oil and Energy Development Corp., the power arm of the Phinma Group, is raising a combined P2.5 billion from Security Bank Corp. and China Banking Corp. (CBC) to finance projects and for working capital.
It said in a regulatory filing Friday to the Philippine Stock Exchange that it has finalized terms for a P1 billion five-year loan from Security Bank and for a P1.5 billion 10-year corporate note facility with CBC.
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