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NLEx secures P10B loan from Chinabank to expand operations

By Inquirer - 2 weeks ago
The operator of North Luzon Expressway (NLEx) obtained a P10-billion credit line from China Banking Corp. to expand its tollway operations and pay off obligations. In a statement on Thursday, NLEx Corp.—a subsidiary of Metro Pacific Tollways Corp. (MPTC)—said it had entered into a 10-year term loan facility agreement with the Sy-led bank. “The loan

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