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Manila Water secures P7-B LandBank loan

METRO Manila east zone concessionaire Manila Water Co. Inc. on Wednesday said it had signed a P7-billion term loan facility with state-run Land Bank of the Philippines (LandBank) to fund capital expenditure (capex) projects.

The deal with LandBank comes in the wake of another term loan facility signed with Metropolitan Bank and Trust Co. (Metrobank) earlier this month.