Govt. requests for Foreign Currency Term Financing proposals | Daily News

Govt. requests for Foreign Currency Term Financing proposals

The government of Sri Lanka intends to raise a Foreign Currency Term Financing Facility (FCTF) denominated in USD, Euro, Chinese Renminbi, and Japanese Yen in 2021. The FCTF is expected to be raised at a fixed or floating rate with a maturity period exceeding 1 year. The proceeds of the FCTF will be used for financing the expenditure approved in the Annual Budget.

The request for proposals does not commit the government of Sri Lanka to accept any proposal. Proposals are expected to be submitted in multiples of USD 50 million with repayment either in tranches or as a bullet payment with interest payable semi-annually.


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