Sta. Lucia Land, Inc. (PSE: SLI) has beefed up its finances by entering into a P5 billion five-year loan with China Banking Corp. (PSE: CHIB). A signing ceremony was held last Nov. 28, 2023 at the Chinabank head office in Makati City.
The proceeds of the term loan agreement will be used to partially fund SLI’s nationwide expansion plans and refinance borrowings.
Present during the signing ceremony were the top executive leaders of both organizations. China Banking Corp. was led by its President and CEO Romeo Uyan Jr., EVP and Head of Institutional Banking Lilian Yu, EVP and CFO Patrick Cheng, Chinabank Capital President Ryan Tapia, FVP Manolet Moreno, and SAVP Marco Panajon.
On the other hand, Sta. Lucia Land Inc. was led by its President Exequiel Robles, Chairman Vicente Santos, EVP/CFO/CRO David Dela Cruz, Treasurer/Director Marissa Tan, Director Orestes Santos, Director and President of PRCI Simeon Cua, independent Director Danilo Antonio, VP Finance Davies Santos, VP Branding and Advertising Michelle Robles-De Castro, VP Commercial Business Rose Mantolino, VP Asset Management/ Collections/ Documentation Mardon Santos, VP Controller and Data Protection Officer Hanani Palmon, Chief Legal Officer Atty. Jerry Dela Cruz, Asst. Corporate Secretary Atty. Crystal Prado, and Chief Compliance Officer and VP Investor Relations and Corporate Planning Jeremiah Pampolina.
The legal counsels were MVGS Law Founding Partner Atty. Manuel Gonzalez, Partner Atty. Janice Ong, and Senior Associate Atty. Genevieve Manalac.
This partnership started over eight years ago with SLI’s maiden bond offering, which raised P4 billion for the refinancing of secured loans, land banking, and capex. China Banking Corp. was the issue manager and lead underwriter of the offering.
China Banking Corporation (Chinabank) is a leading private universal bank in the Philippines with over 100 years of banking experience and history. Chinabank provides a full range of banking products and services to individuals and businesses and also serves the retail banking, investment banking, and insurance needs of diverse customers through subsidiaries China Bank Savings, Chinabank Capital, Chinabank Securities, Resurgent Capital, Chinabank Insurance Brokers, and affiliate Manulife China Bank Life Assurance. Chinabank’s head office is located in Makati City.
As of Dec. 31, 2022, its nationwide footprint spanned 640 branches, complemented by self-service and digital banking channels available 24/7 — 1,044 ATMs, Cash Accept Machine, Chinabank TellerPhone, Chinabank Online, and Chinabank Mobile App. Chinabank is a member of the SM Group, one of the largest conglomerates in the Philippines.
Sta. Lucia Land Inc. (SLI), which is part of the Sta. Lucia Group, is considered one of the Philippines’ biggest real estate companies with over 11,000 hectares of land developed in more than 300 projects launched and a footprint across over 70 cities and municipalities in 20 provinces throughout the country. Since its inception more than 50 years ago by members of the Robles-Santos family, it focused on building planned residential subdivisions communities that cater to the emerging middle class. SLI successfully diversified into vertical residential developments and currently expanding its business to this project category.
The Sta. Lucia Group is also a leading developer of golf courses in the Philippines, having developed the largest number of golf courses in the country, developed the 10.5-hectare Sta. Lucia East Grand Mall in Cainta, Rizal, built its first six-story office building called the Sta. Lucia Business Center in Pasig City, and started construction on the soon-to-open Sta. Lucia Mall in Davao right across the Davao International Airport.