ECONOMYNEXT – ODEL Plc, said had raised reached a deal with three banks to raise 5.4 billion rupees to build a mall in Sri Lanka’s capital Colombo.
The building will be constructed by Odel Properties One (Pvt) Ltd, a fully owned subsdiary of ODEL the firm said in a stock exchange filing.
Hatton National Bank, Sampath Bank and the Bank of Ceylon has each committed 1.8 billion rupees for the syndicated loan.
The stock closed 24.10 rupees, unchanged. (Colombo/June12/2018)