PLDT secures P4 billion green loan from Metrobank

Telecommunications giant PLDT Inc. has successfully obtained a P4 billion green loan from Metropolitan Bank & Trust Co. (Metrobank).

This funding marks PLDT’s first green loan from a domestic bank. 

The proceeds from this new loan will be used to expand PLDT’s fiber network across the nation, aiming to bridge the digital divide and provide efficient, high-speed internet access powered by sustainable, energy-efficient technologies.

"PLDT's active participation in the growing domestic market of sustainable finance is a demonstration of our adherence to global best practices in pursuit of sustainable profitability,” said PLDT chief financial officer Danny Yu.

“We are encouraged by the financial community's support of the Bangko Sentral ng Pilipinas' advocacy for sustainable financing as we continue to explore various operations,” he added. 

About the author
Miguel R. Camus
Miguel R. Camus

Miguel R. Camus has been a reporter covering various domestic business topics since 2009.

Featured News
Explore the latest news from InsiderPH
Friday, 4 October 2024
Insight to the one percent
© 2024 InsiderPH, All Rights Reserved.