PVB extends P260-M loan

MANILA, Philippines - The Philippine Veterans Bank (PVB) has granted EastBay Resorts Inc., owner and operator of Thunderbird Resorts in Rizal and Poro Point, a P260-million loan recently to finance the expansion of the latter’s property in Binangonan that will include the development of a state-of-the-art event center.

With the expansion of its Rizal property, EastBay Resorts Inc. believes this will pave way for more tourism and economic gains for the province. Fortman Cline Capital Markets acted as financial advisor to EastBay Resorts.