Bargain Prices

Riding on the ongoing peace deal, Commercial Bank of Ceylon has raised US$ 65 million via a two-year syndicated loan at rates much lower than the Sri Lankan government. Riding on the ongoing peace deal, Commercial Bank of Ceylon has raised US$ 65 million via a two-year syndicated loan at rates much lower than the Sri Lankan government. Arranged by HSBC Ltd Colombo, the loan is priced at a floating rate of 75 basis points above the three month’s London interbank offered rate or LIBOR. Three month dollar LIBOR rates currently trade at 4.28 percent.


The Arrangers:

Mandated
co-ordinating arranger:

HSBC Ltd

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