Read this in The Manila Times digital edition.
UNION BANK of the Philippines (UnionBank) has successfully tapped the syndicated bank market through a $358-million, three-year syndicated loan facility. Despite prevailing market uncertainty and volatility, UnionBank's syndicated financing was well-received with overwhelming response during syndication, attracting 15 lenders. The facility was upsized to $358 million or almost 2.5 times the original launch size of $150 million.