QUEZON CITY — In support of the National Government’s fiscal sustainability and
energy sector reform efforts, LANDBANK is extending majority of a ₱100-billion
Syndicated Term Loan Facility to the Power Sector Assets and Liabilities Management
Corporation (PSALM).
LANDBANK as one of the Joint Lead Arrangers and Lenders, committed ₱60 billion
or 60% of the total syndicated term loan facility. The proceeds of the facility will be
used to augment PSALM’s working capital requirements, refinance existing liabilities,
and settle domestic contractual obligations.
PSALM President and CEO Dennis Edward A. Dela Serna, LANDBANK President and
CEO Lynette V. Ortiz, and DBP President and CEO Michael O. de Jesus signed the
syndicated loan facility agreement on 17 July 2025. The signing was witnessed by
Government Corporate Counsel Judge Solomon M. Hermosura.
“We are honored to be part of this important milestone, alongside our partners in
government and development finance. This transaction reflects our collective resolve
to strengthening the Philippine power sector — an industry that is fundamental to
shaping the future of our economy and uplifting the lives of every Filipino,” said
LANDBANK President and CEO Ortiz.
LANDBANK and DBP acted as the Joint Lead Arrangers for the syndicated deal, with
LANDBANK – Trust Banking Group as the Facility and Paying Agent, and the Officer
of the Government Corporate Counsel (OGCC) as the Transaction Counsel.
The loan will support PSALM fulfill its mandate under the Electric Power Industry
Reform Act (EPIRA), which includes the management, privatization, and optimal
liquidation of the remaining assets and financial obligations of the National Power
Corporation.
LANDBANK has been a steadfast partner of PSALM since 2008, consistently
providing essential financing in support of its programs. The Bank also remains a key
player in advancing the country’s energy agenda, financing major players in the
industry including large oil companies, power producers, and distribution utilities, as
part of its role as reliable enable of national development.
ABOUT LANDBANK
LANDBANK is the largest development financial institution in the country promoting
financial inclusion, digital transformation, and sustainable national development.
Present in all 82 provinces in the county, the Bank is committed to provide accessible
and responsive financial solutions to empower Filipinos from countryside to
countrywide.
