First Metro names Anthony Ocampo as new President

Mr. Ocampo is one of the key leaders in the Metrobank Group who brings over 30 years of extensive experience in corporate and investment banking to FIRST METRO. Prior to joining the investment banking arm of the Metrobank Group, he served as the President and Director of ORIX METRO Leasing and Finance Corp., ORIX Rental Corp., and ORIX Auto Leasing Philippines Corp. He also led Metrobank’s Corporate Banking Group.

UnionBank raised $358 million in syndicated loan facility

Union Bank of the Philippines (“UnionBank”) has successfully tapped the syndicated bank market through a $358 million 3-year syndicated loan facility. Despite prevailing market uncertainty and volatility, UnionBank’s syndicated financing was well-received with an overwhelming response during syndication, attracting 15 lenders. The facility was upsized to $358 million, or almost 2.5 times the original launch size of $150 million.