Chinabank President & CEO Romeo Uyan Jr. and SLI President Exequiel Robles shake hands after signing the agreement at the Chinabank Head Office Penthouse on November 28. With them are (from left) Chinabank FVP Manolet Moreno and EVP & IBS Head Lilian Yu, and SLI Chairman Vicente Santos and EVP & CFO David Dela Cruz.

Chinabank and Sta. Lucia Land Inc. (SLI) entered into a P5-billion, 5-year loan agreement. A signing ceremony was held on November 28, 2023 at the Chinabank head office in Makati City.

The proceeds of the term loan will be used to partially fund SLI’s nationwide expansion plans and refinance borrowings.

Chinabank has been supporting SLI's growth to become one of the market leaders in the Philippine real estate industry today. The partnership started over eight years ago with SLI’s maiden bond offering which raised P4 Billion for the refinancing of secured loans, land banking, and capital expenditures. Chinabank Capital was the issue manager and lead underwriter of the offering.

SLI is part of the Sta. Lucia Group and considered one of the Philippines’ biggest real estate companies with over 11,000 hectares of land developed in more than 300 projects launched and a footprint across over 70 cities and municipalities in 20 provinces throughout the country.

Key executives of Chinabank and SLI at the signing ceremony.