DFCC raises $45 mln through international syndicated loan
View(s):DFCC Bank has successfully concluded its debut international loan syndication for US$ 45 million.
The transaction was facilitated by HSBC which acted as the lead arranger and book runner.
A HSBC media statement said the deal which was initially $25 million was increased given the strong interest shown by a large number of Middle Eastern and Asian banks. This, it added, is a significant achievement for a Sri Lankan bank venturing into the international arena for the first time given the challenging global environment and its uncertainties.
“DFCC’s success in this debut international loan syndication is a testament of our unique position in the local banking industry and demonstrates the strong level of confidence placed in the bank,” said Nihal Fonseka, Chief Executive, DFCC Bank.
HSBC said the facility drew strong international support and allows DFCC Bank to tap new investors and funding partners.
Chamira Wijetilleke, Head of Corporate Banking –HSBC said the success of this debut international loan syndication underlines HSBC’s approach to maintaining strong and lasting relationships with our core banks.
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