First Gen Corporation Secures PHP 24.75 Billion in Standby Letters of Credit from BDO for Hydropower Investment
First Gen Corporation (PSE: FGEN) has obtained standby letters of credit (SBLCs) worth a total of PHP 24.75 billion from BDO Unibank, Inc., according to a disclosure filed with the Securities and Exchange Commission on April 17, 2026. What Are Standby Letters of Credit? Think of standby letters of credit like a promise from a […]