Sun, 26 Mar 2023 Today's Paper

Sri Lanka to raise at least US $ 450mn from 3-year loan

23 February 2017 12:02 am - 0     - {{hitsCtrl.values.hits}}

A A A

ECONOMYNEXT: Sri Lanka will raise at least US $ 450 million from a syndicated loan for which the government has selected six banks, a media report said.
Bloomberg Newswires said Bank of Baroda, Deutsche Bank, Indian Bank, Qatar National Bank, SBI and SMBC would arrange the loan.
Last year Sri Lanka raised US $ 700 million from a syndicated loan. Sri Lanka has a ‘B+’ speculative rating. Fitch has just upgraded the outlook to ‘stable’ from ‘negative’. Sri Lanka wanted to raise about a billion US dollars from the syndicated loan.  

 


  Comments - 0


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Import of South Indian eggs: Sri Lanka walks on Indian eggshells

With the increase in egg prices the government decided to import eggs to regu

Wokeism: Is it destructive, or are you afraid of change? A response

In order to critically discuss a movement, we must first understand its etymo

Defeat in Ananthapuram Battle denoted the LTTE’s end

Many battles were fought during the long war between the Sri Lankan armed for

Wokeism: A Weapon of Mass Destruction?

When can one say they’ve had enough of being in a state of ‘wokeness’ a