Krungsri-Mizuho sign 5.3-billion-baht loan facility deal for Manila Water’s expansion

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Mr. Yuzo Nakada (2nd left), Krungsri Head of JPC/MNC Banking Group, Mr. Virgilio C. Rivera, Jr. (3rd left), Chairman of Manila Water (Thailand) Co., Ltd., and Mr. Kazuya Nakagawa (3rd right), General Manager of Mizuho Bank, Manila Branch, recently signed an agreement to provide a 5.3-billion-baht loan facility for Manila Water (Thailand) Co., Ltd. to finance its expansion. Manila Water, a subsidiary of the Philippine conglomerate, Ayala Corporation, successfully completed its acquisition of a significant stake in Thailand’s Eastern Water Resources Development and Management PCL (East Water) in the first foray into Thailand, as part of its expansion drive in Southeast Asia. The success of loan agreement was a result of the collaboration among Mizuho Bank, Krungsri and MUFG Bank to support global corporate expansion and highlighted the investment potential of the Eastern Economic Corridor (EEC.)


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