ICCP arranges P1.25-B loan for Pueblo de Oro
The Philippine Star|December 22, 2024
Independent investment house Investment & Capital Corp. of the Philippines (ICCP) has arranged a P1.25-billion loan facilities for Pueblo de Oro Development Corp. (PDO), the residential development arm of the ICCP Group.
CATHERINE TALAVERA

In a statement, the ICCP said Pueblo de Oro has signed seven-year term loan agreements worth P500 million each with the Philippine Bank of Communications (PBCOM) and the Bank of the Philippine Islands (BPI), which also provided a P250-million short-term working capital line.

ICCP said the proceeds from the loan facilities would finance the expansion plans of Pueblo de Oro's key projects, including its township and residential developments in Cagayan de Oro as well as Pueblo de Oro Townscapes Malvar, Pueblo de Oro Courtyards Lipa in Batangas, and subdivisions in Pueblo de Oro Pampanga.

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