Sri Lanka taps CDB as sole lead on $1bn eight year

sri lanka buddha px230
By Pan Yue
31 May 2018

China Development Bank has dashed the hopes of bidders for a $1bn loan to the Sri Lankan sovereign, clinching the mandate on a sole basis by offering an eight year facility, writes Pan Yue.

After issuing a request for proposals for a loan of up to $1bn at the end of March, Sri Lanka has decided on the winner. CDB won the mandate by offering the country an eight year loan — starkly different from the three year tenors offered by the ...

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