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First Gen signs P20-billion loan agreements with BDO, BPI

First Gen signs P20-billion loan agreements with BDO, BPI
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BDO, BPI lends ₧20Bfor Casecnan project

FIRST Gen Corp. (PSE: FGen) announced having acquired a P20-billion loan from local banks to finance its recently-acquired 165 megawatt (MW) Casecnan Hydroelectric Power Plant (CHEPP). The Lopez-led power firm signed term-loan agreements with BDO Unibank Inc. and Bank of the Philippine Islands (BPI). FGen “intends to use the proceeds… ....

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Agri machinery provider Ada Manufacturing Corporation raises P1.0-billion pesos from DBP and Security Bank

Agri machinery provider Ada Manufacturing Corporation raises P1.0-billion pesos from DBP and Security Bank
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Filipino-owned ADAMCO raises P1B via note issuance of Development Bank of the Philippines and Security Bank

Leading agricultural machines and equipment dealer Ada Manufacturing Corp. (ADAMCO) has successfully raised P1 billion via the issuance of notes supported by state-run Development Bank of the Philippines and Security Bank Corp.The proceeds of the fund raising activity via the issuance of five-year corporate notes arranged by GIV Capital Holdings Corp. will be used to finance ADAMCO’s capital expenditure and working capital requirements related to the development of its branch network. ....

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