Sri Lanka’s state run Bank of Ceylon has finalized a deal to borrow a US$ 200 million syndicated loan from the international market, a media announcement by the Bank reveals.
According to the Bank, NDB Emirates Bank Dubai has arranged this loan on-behalf of the BOC.
The two parties will sign an agreement towards this on the 25th of July in Colombo.
“Earlier we have borrowed at a rate of 4 to 4.5-pct, but this time it would be the lowest in the country’s syndicated loan history”, Senior Deputy General Manager of the Bank, P.A. Lionel told in an earlier occasion.
Bank of Ceylon has borrow a US$ 200 million
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Oleh
Lanka Stocks
