Sta Lucia boosts war chest with P5 billion Chinabank loan

Sta. Lucia Land Inc. (SLI) has beefed up its finances by entering into a P5 billion five-year loan with China Banking Corp. A signing ceremony was held last Nov. 28 at the Chinabank head office in Makati City.

Proceeds of the term loan agreement will be used to partially fund SLI’s nationwide expansion plans and refinance borrowings.

(From China Banking Corp.) President & CEO, Romeo Uyan Jr., EVP and Head of Institutional Banking, Lilian Yu; EVP & CFO Patrick Cheng; Chinabank Capital president Ryan Tapia, FVP, Manolet Moreno and SAVP Marco Panajon. (From Sta. Lucia Land Inc.) President Exequiel Robles; Chairman Vicente Santos; EVP/CFO/CRO David Dela Cruz; Treasurer/Director Marissa Tan; Director Orestes Santos; Director & President of PRCI Simeon Cua; Independent Director Danilo Antonio; VP Finance Davies Santos; VP Branding & Advertising Michelle Robles-De Castro; VP Commercial Business Rose Mantolino; VP Asset Management/Collections/Documentation Mardon Santos; VP Controller & Data Protection Officer Hanani Palmon; Chief Legal Officer Atty Jerry Dela Cruz; Asst. Corporate Secretary Atty. Crystal Prado and Chief Compliance Officer & VP Investor Relations and Corporate Planning Jeremiah Pampolina. Legal Counsels: MVGS Law Founding Partner Atty Manuel Gonzalez; Partner Atty Janice Ong and Senior Associate Atty Genevieve Manalac.

This partnership started over eight years ago with SLI’s maiden bond offering which raised P4 billion for the refinancing of secured loans, land banking, and capex.  Chinabank was the issue manager and lead underwriter of the offering.