SB Capital Investment Corporation, a wholly-owned subsidiary of Security Bank Corporation, successfully arranged a P3.0 Billion syndicated term loan facility for St. Luke’s Medical Center (Global City), Inc. to partially finance the completion of its state-of-the-art medical hospital facility in Taguig City.
St. Luke’s BGC will become the second hospital to be owned and operated by St. Luke’s Medical Center, Inc. and is intended to serve the medical needs of the community as well as the international medical tourism market. Similar to St. Luke’s Medical Center in Quezon City, St. Luke’s BGC will be the most advanced hospital in the country, and will be equipped with world-class medical technology and staffed by the best medical, paramedical, and support personnel, trained locally and abroad. The medical facility will also feature institutes and centers of excellence that will offer state-of-the-art diagnosis and treatment in all specialties of medicine.
Construction work on St. Luke’s BGC commenced in January 2007 and the hospital is expected to be in full operation by the fourth quarter of the year. St. Luke’s BGC is projected to generate approximately 2,500 new jobs, promote Philippine medical practitioners, and increase business activity in the hospital and allied industries. The project will further enhance the Philippines’ image as one of the best destinations for medical tourism in the Asia-Pacific region.
The syndicated term loan facility was participated in by major financial institutions which included the Bank of the Philippine Islands, Land Bank of the Philippines, Banco de Oro Unibank, Inc., Rizal Commercial Banking Corporation and Robinsons Savings Bank.
SB Capital, the mandated sole arranger for the transaction, is one of the leading and active investment houses in the country today. SB Capital provides a wide range of investment banking and financial services such as equity underwriting, project finance, private placements, debt underwriting and syndication, financial advisory, mergers and acquisitions (M&A), investment and corporate advisory and stock brokering services through its wholly-owned stock brokerage subsidiary, SB Equities, Inc.
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