EMGA Closes US$15 Mln Senior Debt Facility For CDB In Sri Lanka

KUALA LUMPUR, June 30 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA) has closed a US$15 million senior debt facility for Citizens Development Business Finance PLC (CDB), marking a milestone in strengthening Sri Lanka’s financial sector and supporting sustainable growth. (US$1=RM4.06)

The transaction underscores EMGA’s continued commitment to Sri Lanka, while supporting CDB’s efforts to expand access to finance for small and medium enterprises (SMEs) and advance its green portfolio.

The facility was arranged in collaboration with Swedfund, Sweden’s development finance institution, which plays a pivotal role in promoting sustainable economic development across emerging markets, according to EMGA in a statement.

EMGA Head of Investment Banking and Managing Director (MD), Sajeev Chakkalakal said the transaction supports CDB’s growth strategy while expanding Swedfund’s presence in the region.

Meanwhile, CDB MD/Chief Executive Officer, Mahesh Nanayakkara said the financing strengthens the company’s ability to empower SMEs and accelerate green initiatives, ensuring it continues to play a leading role in Sri Lanka’s sustainable financial development.

CDB is a non-bank financial institution listed on the Colombo Stock Exchange, focused on SME financing and sustainable finance initiatives.

EMGA, with offices in London and New York, advises financial institutions and corporates on debt and equity capital raising across emerging markets.

-- BERNAMA