trending Market Intelligence /marketintelligence/en/news-insights/trending/33rcwufrlrm6fhvorp0xqw2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Sri Lanka's Pan Asia Bank raises US$17M via debt issue agreement

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


Sri Lanka's Pan Asia Bank raises US$17M via debt issue agreement

Sri Lanka-based Pan Asia Banking Corp. Plc entered into a US$17 million senior debt arrangement with Symbiotics Group, a Geneva-based fund specializing in providing credit facilities for small and medium-sized enterprise development worldwide.

Under the arrangement, the funds will be available in U.S. dollars and Sri Lankan rupees.

The debt issue comes at a time when the bank is in the process of enhancing its capital base through an announced rights issue to boost its balance sheet.

The bank will use the proceeds from the offering to support its rapidly growing small business advances portfolio.

India-based TSW Capital Services ?P? Ltd. ?TCSPL? provided advisory services to both parties to complete the funding arrangement.