Pueblo de Oro Development Corporation (PDO), the residential property development arm of the ICCP Group, has secured a P960-million financing package from Security Bank Corporation. The financing arrangement was facilitated by its sister company, Investment & Capital Corporation of the Philippines (ICCP).
The loan and credit facilities will fund the expansion of key PDO projects, including the residential developments at Pueblo de Oro Townscapes Malvar and Pueblo de Oro Courtyards Lipa in Batangas, as well as new subdivisions in Pueblo de Oro Pampanga.
Pueblo de Oro is one of the country’s fast-growing developers, known for delivering high-quality and affordable housing within well-planned communities across emerging growth hubs in Luzon (Pampanga, Batangas), Visayas (Cebu), and Northern Mindanao (Cagayan de Oro).
Among its latest projects are Westwoods Heights in Batangas City and the upcoming Pueblo de Oro Townhomes Carcar in southern Cebu. In Cagayan de Oro, the company continues to expand its 400-hectare flagship township.
“We are grateful to ICCP and Security Bank for their continued support and belief in our vision of delivering the gold standard in community living—through quality, affordable, and sustainable developments,” said Prim Nolido, PDO President and Chief Operating Officer. “These credit facilities will help us continue developing innovative living spaces that meet the evolving needs of Filipino families.”
Security Bank Chairman Atty. Cirilo Noel remarked, “We are honored to partner with ICCP and Pueblo de Oro on this endeavor. We believe in collaborating with institutions that uphold credibility, integrity, and excellence. This partnership not only creates shared success but also contributes economic value to our communities and the country.”
Valentino Bagatsing, Chairman and CEO of ICCP, added, “ICCP is proud to support Pueblo de Oro in its mission to create high-quality, climate-adapted residential communities. This collaboration with Security Bank reflects the ICCP Group’s continued commitment to sustainable urban development.”
The P960-million financing is part of a larger P3.5-billion credit package granted by Security Bank to the ICCP Group. The remaining P2.56 billion in facilities has been extended to Science Park of the Philippines, Inc. (SPPI), a pioneer in private industrial estate development in the country.
