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National Savings Bank achieves milestone in international funding of US$ 35 mn
Daily News (via HT Media Ltd.)
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National Savings Bank has announced that it has recently raised a US$ 35 million loan facility supported by Indian Bank & Indian Overseas Bank.
The excellent relationship that NSB enjoys with its banking partners has allowed NSB to access the international debt market at a competitive interest rate. The facility was arranged jointly by NDB Investment Bank of Sri Lanka and Alpen Capital of Dubai.
Having followed a transparent process, Indian Bank and Indian Overseas Bank were identified as the most appropriate international lending partners. NSB was able to leverage on its unique strengths of having a local credit rating of AAA (Ika) along with a strong financial and an operational track record of performance, in reaching a highly satisfactory agreement. ....

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