RCBC loans Globe Telecom a whopping $114m

The seven-year loan is the telecom's second borrowing this year.

Globe Telecom Inc. signed a 5 billion-peso loan ($114 million) with Rizal Commercial Banking Corp. to fund capital spending next year, according to a Bloomberg report.

The seven-year loan is the second borrowing Globe signed this year, the company said in a disclosure to the stock exchange today. Globe in early November said it will invest $790 million to upgrade its network and technology systems in the next five years.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

China banking focuses on credit structure optimisation
PwC said the sector needs to continue to implement strategic initiatives.
Markets
Overseas expansion impacts Korean banks’ OE score
Despite Korea's high GDP per capita, the current level suggests there's still room for improvement.
Markets
Nium, Thredd expand virtual card partnership
The two fintech companies have issued 86 million virtual cards worldwide.
Cards & Payments