SB Capital acted as one of the Mandated Lead Arrangers along with two other investment houses to raise a Php24-billion Project Finance Loan Facility for Light Rail Manila Corporation (LRMC). Out of the Php24 billion loan facility, Security Bank will finance up to Php7.5 billion and will be the Bank’s largest commitment in a project finance loan facility to date. This facility was inked last February 11 where distinguished representatives from the banking industry and various government agencies graced the event.
LRMC is a consortium among Metro Pacific Investments Corporation, Ayala Corporation and Macquarie Infrastructure Holdings (Philippines) Pte, Ltd. The facility will be used for the rehabilitation of LRT1’s existing line from Roosevelt to Baclaran and the 11.7-kilometer extension from Baclaran to Niyog, Cavite.