According to the Bank, NDB Emirates Bank Dubai has arranged this loan on-behalf of the BOC.
The two parties will sign an agreement towards this on the 25th of July in Colombo.
“Earlier we have borrowed at a rate of 4 to 4.5-pct, but this time it would be the lowest in the country’s syndicated loan history”, Senior Deputy General Manager of the Bank, P.A. Lionel told News360.lk in an earlier occasion.
http://www.news360.lk/business-finance/news-16-07-2013-sri-lankas-boc-to-sign-deal-on-us-200-mn-syndicated-loan-8890987