Standard Chartered, OCBC Bank Malaysia ring $ 200 m loan for Dialog Axiata
Tuesday, 13 August 2013 01:10
Standard Chartered and OCBC Bank Malaysia recently lead arranged a $ 200,000,000 syndicated term loan facility for Dialog Axiata PLC (Dialog).
Dialog, a leading telecommunications service provider in Sri Lanka, signed the syndicated term loan facility agreement on 16 July 2013, with Standard Chartered Bank and OCBC Bank Malaysia jointly acting as mandated lead arrangers and original lenders for this transaction. Proceeds of this transaction will be used to refinance an existing bilateral borrowing of Dialog as well as finance its capital expenditure and working capital requirements. Standard Chartered Head Origination and Client Coverage Colin Pawley commenting on the deal said: “Standard Chartered is delighted to have been mandated to jointly arrange such a large facility for one of its most valued clients in Sri Lanka. Supporting Dialog in this way is a true reiteration of the bank’s brand promise of being ‘Here for good’ and we are confident that this partnership will further strengthen our relationship with Dialog.”