Ayala, Metrobank Sign $200M Credit Facility

Ayala Corporation has secured a senior long-term loan facility amounting to US$200 million from Metropolitan Bank & Trust Company, marking another milestone in a relationship that has spanned more than three decades. The loan facility supports Ayala’s strategic financing initiatives for its ongoing commitments and investments in emerging portfolios, namely, technology and payments, health, logistics, and mobility.

The deal was signed on September 16 by Ayala CFO Alberto de Larrazabal and Treasurer Estelito Biacora with Metrobank Head of Institutional Banking Sector Mary Mylene Caparas and Head of Large Corporates Maria Elena Trinidad.

“The unique credit facility supports Ayala’s strategic initiatives to diversify funding and take advantage of the opportunity in financing innovation through hedged loans,” said Biacora.

Noted de Larrazabal: “This loan agreement with Metrobank will support our efforts to sharpen our portfolio and allocate capital to clear business winners. We are glad to partner with Metrobank, an institution that has been working with us for over 30 years, supporting our purpose of building businesses that enable people to thrive.”

“We have always been a proud partner of Ayala Corp. because we share their mission of enabling individuals and businesses in the country,” said Caparas. “This deal is a testament of our decades-long support to the Ayala group’s growth aspirations of building businesses that transform industries, challenge the status quo, and bring innovations that contribute to the Philippines’ social and economic development goals, all while being a standard bearer for good corporate governance.”

Metrobank FVP and Head of Large Corporates Division 2 Marilen Trinidad and EVP and Head of Institutional Banking Sector Mayet Caparas with Ayala Corporation Chief Finance Officer Alberto de Larrazabal and Treasurer Estelito Biacora

Ayala group CFOs, treasurers, and senior finance executives from AC, Ayala Land, BPI, Globe, ACEN, AC Health, AC Logistics, ACMobility, IMI, Ayala Foundation, and iPeople participate in the Ayala Group Treasury Council’s economic briefing conducted by Metrobank.

Following the signing, Metrobank conducted an economic briefing for the Ayala Group Treasury Council covering key themes on global and Philippine interest rates and foreign exchange outlook. The resource persons, namely, Nicholas Mapa, Ricardo Pedrosa, John Lu, and Kael Pasimio, provided insights on the impact of the currency and interest rate trends, and yield curve shifts for corporate financing and treasury planning.