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Dollar Finance

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.
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The 5-year loan had been arranged by OCBC Bank Malaysia Berhard and Standard Chartered Bank, Dialog said in a statement.
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The fund will be used for capital expenditure, working capital and settle existing debt, the company said.

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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.

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