West Zone concessionaire Maynilad Water Services Inc. has signed a loan deal with the Metropolitan Bank and Trust Company to bankroll its capital requirements for this year.In a statement, Maynilad said it tapped Metrobank for a P10 billion loan to boost its financial muscle in funding its water service improvement projects for 2024. The loan facility will mature in 10 years or 2034, the water concessionaire said.
“With this loan, we are in a better position to pursue our capital expenditure program that will further enhance water services for our over 10.3 million customers. This supports our commitment to meet our service obligations and achieve sustainable growth,” said Maynilad chief operating officer Randolph Estrellado.“Enabling our partners to empower Filipinos with essential resources is in line with our goal of helping communities grow.
Source: Loan Digest (loandigest.net)
Metrobank
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