Sri Lanka seeks billion dollar 3-year loan

ECONOMYNEXT – Sri Lanka has called proposals from banks to borrow one billion US dollar for up to three years, which lenders can provide on a floating or a fixed rate, the Ministry of National Policies and Economic Affairs said.

Interested international and domestic banks should make offers by January 20, 2017, with rates quoted being valid for the next two months.

Banks investment houses should submit proposals in multiples of 50 million US dollars up to a maximum of 1000 million dollars.

Repayments can be in bullet or in tranches. Interest can be paid half yearly.

 

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