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DMCI unit raises P10b

By Jenniffer B. Austria | Posted on Oct. 25, 2012 at 12:01am |
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DMCI Homes, the housing unit of DMCI Holdings Inc., has raised P10 billion through a loan facility to finance real estate projects.

DMCI president Isidro Consunji said the seven-year loan facility was syndicated by BDO Capital and Investments Corp. and funded by nine financial institutions.

BDO Capital president Ed Francisco said the syndicated loan facility was participated in by banks, finance companies and bank trusts.

The property company earlier said it was preparing to roll out new condominium projects in Metro Manila targeting the middle-income earners.

The new projects include Acacia Estates in Taguig City, which will contain seven medium-rise buildings and Flair Towers in Mandaluyong City.

It launched Sheridan Towers in Mandaluyong City and Brio Tower, a premium residential tower in Guadalupe, Makati City.

The company recently launched Zinnia Towers and The Amaryllis in Quezon City and introduce One Castilla Place early next year.

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