Loading grant details…
China Development Bank provides $49 million loan in 2013 to Hatton National Bank for on-lending activities (Linked to Record ID#33397)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Hatton National Bank PLC (HNB) |
| Country | Sri Lanka |
| Start Date | Jun 01, 2013 |
| End Date | Apr 04, 2033 |
| Duration | 7,247 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 33414 |
Grant Description
China Development Bank provides $49 million loan in 2013 to Hatton National Bank for on-lending activities On March 28, 2012, China Development Bank issued a $50 million loan to Hatton National Bank for trade-related, long-term project financing activities (via on-lending). The agreement was signed by Chairperson Dr.
Ranee Jayamaha and Managing Director/CEO Rajendra Theagarajah on behalf of Hatton National Bank PLC and Deputy General Manager Guangxi Branch Wei Peng on behalf of China Development Bank Corporation. The maturity length of the loan was 5-years.
Then, in June 2013, China Development Bank issued a $49 million loan to Hatton National Bank for trade-related, long-term project financing activities (via on-lending). The agreement was signed by Dr. Ranee Jayamaha, Chairperson of Hatton National Bank PLC and Mr. Bai Yingfu, general manager of CDB’s Guangxi branch.
The maturity length of the loan was 5-years.
The 2012 CDB loan is captured via Record ID#33397. The 2013 CDB loan is captured via Record ID#33414.
Staff Comments
1. Hatton National Bank PLC is a private bank in Sri Lanka with 251 branches and 563 ATMs. It is the fifth largest company by market capitalization (FY2014: 11th ranked) on the Colombo Stock Exchange (SLRs116.5 billion). It is considered a systemically important bank in Sri Lanka.
Sources & References
- Sri Lanka's Hatton National Bank raises US$49mn from China
- HNB raises US$ 49Mn long term debt from overseas
- HNB Raises USD 50 Million From China Development Bank - See more at: http://www.businesstoday.lk/article.php?article=6165#sthash.TxBvxaPd.dpuf
- HNB raises $ 49 m long-term debt from overseas
- HNB PROSPECTUS Debenture Issue 2013/2018
- HNB raises $ 50 m from Chinese Development Bank
- ADB Extended Annual Review Report
- HNB Annual Report 2013
- HNB Annual Report 2013
- HNB Issue of 20,000,000 Senior
- Listed
- Unsecured
- AA- Rated
- Redeemable
- Ten year (2013/2023) Debentures of LKR 100 each
- Foreign Credit Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Hatton National Bank PLC (HNB)
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
