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MANILA - State-owned Development Bank of the Philippines (DBP) has extended a PHP700-million seven-year syndicated term loan to Science Park of the Philippines, Inc. (SPPI) to finance the company's development projects to meet rising demand amidst the steady recovery of the manufacturing sector, a top official said. DBP president and chief executive officer Emmanuel Herbosa said the loan was granted with Rizal Commercial Banking Corporation as co-lender and the Investment & Capital Corporation of the Philippines as financial adviser and lead arranger. "DBP recognizes this financial collaboration as a strategic and huge step in advancing the country's infrastructure landscape which can spur further economic development," he said. Herbosa said proceeds of the loan would be used to partially finance current and future projects and capital expenditures such as land development, road system construction, water utilities, and a centralized wastewater system. SPPI was es ....

San Carlos , Negros Occidental , Batangas City , Emmanuel Herbosa , Rizal Commercial Banking Corporation , Investment Capital Corporation Of The Philippines , Development Bank , Science Park Of The Philippines Inc , Science Park , Capital Corporation , Philippine Economic Zone Authority Registered , Manila State Owned Development Bank Of The Philippines Dbp Has Extendeda Php700 Million Seven Year Syndicated Term Loan To Science Park , Nc Sppi To Finance The Company 39s Development Projects Meet Rising Demand Amidst Steady Recovery Of Manufacturing Sector , A Top Official Said Dbp President And Chief Executive Officer Emmanuel Herbosa The Loan Was Granted With Rizal Commercial Banking Corporation As Co Lender Investment Amp Capital Of Philippines Financial Adviser Lead Arranger Quot Recognizes This Collaboration Asa Strategic Huge Step In Advancing Country 39s Infrastructure Landscape Which Can Spur Further Economic Development , Uot He Said Herbosa Proceeds Of The Loan Would Be Used To Partially Finance Current And Future Projects Capital Expenditures Such As Land Development , Oad System Construction , Water Utilities , Nda Centralized Wastewater System Sppi Was Established In 1989 And Has Developed Four Philippine Economic Zone Authority Registered Industrial Parks With An Aggregate Area Of Nearly 800 Hectares Laguna , Nd Cebu It Is Constructing Two More Facilities In Bataan And Batangas , Hich Are Equipped Witha Proper Road Network And Storm Drainage System , Water Distribution , Wastewater Treatment , Mong Others Herbosa Said Dbp Foresees More Locators Coming Into Industrial Parks Such As Sppi 39s The Country Continues To Strengthen Its Position Asa Viable Site Host Firms In Manufacturing , Nd Other Industries Quot Dbp Will Continue To Work With Various Institutions And Economic Key Players Who Share Us The Same Mission Of Promoting Growth Opportunities , Hile Raising The Level Of Competitiveness Our Country Through Infrastructure Development , Uot He Added Dbp Is The Fifth Largest Bank In Country Terms Of Assets And Provides Credit Support To Four Strategic Sectors Economy Infrastructure Logistics Micro ,