Bargain Prices

Susantha Ratnayake, Chairman, BOI formally presents the Certificate of Registration to Indra Silva, Chairman, Indra Hotels and Resorts Kandy (Pvt) Ltd

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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