Debt Prowess

Oct 28, 2009 (LBO) – HSBC, an international bank, which said it had helped raise two billion dollars for Sri Lankan infrastructure has been named the best international debt house in Asia in awards given by Euromoney, a financial magazine. The bank said so far this year date, the HSBC Group has done 22 deals in Asia and raised over six billion US dollars for its corporate clients.

In Sri Lanka it says it had helped raise two billion US dollars in the past 18 months.

In the last 18 months, HSBC has helped raise two billion US dollars for infrastructure finance in power, telecom, port and bridges in Sri Lanka.

“HSBC is a strong name in the debt capital market globally and our project financing capabilities – with links to all major export credit agencies, reinstates our strength and capabilities to support infrastructure projects,” Nick Nicolaou, chief executive officer of HSBC Sri Lanka and Maldives said in a statement.

“Given our longstanding presence in Sri Lanka that spans 117 years, we are committed to supporting the development of Sri Lanka and as such are focused at financing more infrastructure projects in the future.”

HSBC has helped raise finance for a fisheries harbour in Dikkowita, a solar energy irrig