Port operator International Container Terminal Services Inc (ICTSI) has obtained medium-term loans totalling US$140 million from local lenders, the Philippine Daily Inquirer reported.
The loans have maturity of five to seven years, and have come from Philippine commercial banks and institutional investors.
They will be used for investments and for prepayment of debts in 2009.
The loans have maturity of five to seven years, and have come from Philippine commercial banks and institutional investors.
They will be used for investments and for prepayment of debts in 2009.