Ortigas group set to raise P6B in ’14 via debt issue

The Ortigas family’s OCLP Holdings is considering raising about P6 billion in long-term debt this year to finance ongoing expansion programs and refinance loans. Joselito Santos, OCLP Holdings’ general manager for real estate, said in a briefing Monday that the fresh funds would help support plans to sustain growth in revenues, which he said may hit about P5 billion next year.

Source: Inquirer.net

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