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.