AIIB to lend to ICTSI for terminal expansion

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The Asian Infrastructure Investment Bank (AIIB) will provide a $300 million unsecured corporate loan to ICTSI to expand and upgrade three container terminals in the Philippines. This marks AIIB's first non-sovereign-backed loan in the Philippines, supporting shipping infrastructure development.

The Asian Infrastructure Investment Bank will provide a US$ 300 million senior unsecured corporate loan to ICTSI to support the expansion and upgrade of three container terminals across the Philippines. The transaction, AIIB’s first non-sovereign-backed loan in the Philippines, was signed during a ceremony attended by ICTSI Chairman and President Enrique K. Razon Jr. and […] The post AIIB to lend to ICTSI for terminal expansion appeared first on Container News.