Sri Lanka

Sri Lanka to raise at least US $ 450mn from 3-year loan

Feb 23, 2017
Sri Lanka will raise at least US $ 450 million from a syndicated loan for which the government has selected six banks, a media report said. Bloomberg Newswires said Bank of Baroda, Deutsche Bank, Indian Bank, Qatar National Bank, SBI and SMBC would arrange the loan. Last year Sri Lanka raised US $ 700 million from a syndicated loan. Sri Lanka has a ‘B+’ speculative rating. Fitch has just upgraded the outlook to ‘stable’ from ‘negative’. Sri Lanka wanted to raise about a billion US dollars from the syndicated loan. 
 
Read more at: http://www.dailymirror.lk/article/Sri-Lanka-to-raise-at-least-US-mn-from-year-loan-124333.html
 
Mirror Business,February 23, 2017

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