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ICTSI seeks $300-M AIIB loan for terminal upgrades - BusinessWorld Online
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ICTSI seeks $300-M AIIB loan for terminal upgrades - BusinessWorld Online
RAZON-LED International Container Terminal Services Inc. (ICTSI) is seeking a $300-million (around P17.7-billion) loan from the Asian Infrastructure Investment Bank (AIIB), a multilateral development bank, to fund the expansion and upgrade of its Philippine port terminals. According to a document uploaded by AIIB on Jan. 22, the proposed financing is a “non-sovereign-backed financing of up to $300-million senior unsecured corporate loan” to ICTS…
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