HNB signs up for Rs. 8.50 bln in long term funding facilities with Hayleys PLC

HNB PLC, partnering one of the nation’s largest conglomerates, has announced the commencement of multiple long-term finance facilities totalling Rs. 8.5 billion for Hayleys PLC and the group subsidiaries. 

The agreement was facilitated by HNB’s Corporate Banking Division, which is a key vertical within the bank’s Wholesale Banking Group (WBG). Presently, the WBG manages the banking needs of bulk of the largest blue chip corporates and conglomerates in the country. 

The signing up ceremony was attended by Hayleys PLC Group Executive Director Sarath Ganegoda, Hayleys Group Chief Financial Officer Choliya De Silva, Head of Group Treasury Malin Fernando, together with HNB Deputy General Manager Wholesale Banking Group, Damith Pallewatte, HNB Assistant General Manager Corporate Banking, Majella Rodrigo, HNB Senior Manager Corporate Banking Manojith Weerasuriya, HNB Relationship Manager, Samindhi Kurukulasuriya, the bank said in a media release. 

HNB’s WBG specialises in providing clients a range of products and services tailored to address long term funding, working capital financing, trade, FX and structured finance requests through collaboration with other Wholesale Banking divisions such as the Banks Payments & Cash Management, Custody & Trustee, Treasury and Trade Services divisions. 

Above - (From left) HNB Relationship Manager, Samindhi Kurukulasuriya, HNB Senior Manager Corporate- Banking, Manojith Weerasuriya, HNB Assistant General Manager- Corporate Banking, Majella Rodrigo, HNB Deputy General Manager- Wholesale Group Banking, Damith Pallewatte, Hayleys PLC Executive Director, Sarath Ganegoda, Hayleys PLC Chief Financial Officer, Choliya De Silva and Hayleys PLC Head of Group Treasury, Malin Fernando.