UnionBank raises $358M in syndicated loan facility

by The Manila Times

Nov 29, 2022 12:50 am

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.

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