MANILA, April 29 (Reuters) - Ayala Land Inc, one ofthe Philippines' biggest property developers, said on Wednesdayit was talking to 10 banks about arranging lending of up to 11billion pesos ($249 million) to partly finance capitalexpenditure this year.
BDO Unibank Inc, Rizal Commercial Banking Corp, Security Bank, HSBC and Mizuho are among the banks Ayala Land was in talks with, AyalaLand Treasurer Augusto Bengzon told Reuters, speaking on thesidelines of an event in the capital.
He said Ayala Land, which has set out a record 100 billionpesos capital expenditure budget this year, was looking at loanswith maturity of between five and seven years.
($1 = 44.2000 Philippine pesos) (Reporting by Neil Jerome Morales; Editing by Kenneth Maxwell)