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3 October 2003 - Security Bank’s investment banking subsidiary, SB Capital Investment Corporation, together with ING Bank N.V. Manila branch formalized their joint arragement of a P1.65 billion Syndicated Term Loan Facility for Union Cement Corporation (UCC) in a signing ceremony at the Mandarin Oriental Hotel.
The participating lenders were led by SBC, Equitable PCI Bank and ING Bank N.V., Trust and Asset Management Department. Security Bank's Trust Division also bagged the role of Facility Agent for the debt facility.
Security Bank, SB Capital, and SBC Trust Division were represented by SVP Patricia May T. Siy, FVP Ma. Cristina A. Tingson, Relationship Manager Grace Viloria, AVP Imelda Vinluan, and SM Maricar Lopez.
Union Cement Corporation is a Holcim subsidiary who has maintained the No.1 market share in the domestic market with networks covering the three main islands of the Philippines. Holcim, Ltd., the Mother Company, is a Swiss-based enterprise who is the second largest cement and aggregates firm in the world.
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