Dollar Finance

Ishara S. Kodikara | AFP | Getty Images Sri Lanka Prime Minister Ranil Wickremesinghe, center, speaks to supporters at the prime minister's official residence in Colombo on December 16, 2018, after he was reappointed as prime minister by Sri Lanka's president, the same man who fired him from the job nearly two months ago.

Aug 09, 2013 (LBO) – Sri Lanka’s Dialog Axiata, the country’s largest mobile operator said it had raised 200 million US dollars from a syndicated loan. The 5-year loan had been arranged by OCBC Bank Malaysia Berhard and Standard Chartered Bank, Dialog said in a statement.

The fund will be used for capital expenditure, working capital and settle existing debt, the company said.

Dialog is a top foreign investor in Sri Lanka and it announced a 150 million US dollar expansion in broadband and fibre optics infrastructure, taking total investments in the island so far to 1.5 billion US dollars.