Maynilad Water Gets 6 Billion-Peso Loan From Philippine Bank

Apr 22, 2014 3:00 am ET

April 22 (Bloomberg) -- Maynilad Water Services Inc., the concessionaire to half of the Philippine capital, secured a 6 billion-peso ($135 million) loan from Development Bank of the Philippines, the state-owned lender said on its website.

The loan will help finance the initial stage of a sewerage system for Paranaque and Las Pinas, improving sanitary conditions of more than 400,000 residents of the two cities, the bank said in a statement.

-- With assistance from Ian C. Sayson.