CreditAccess Grameen Raises $175M via Syndicated Social Loan
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
CreditAccess Grameen secured $175 million through a syndicated social loan facility. Standard Chartered Bank and DBS Bank acted as the joint mandated lead arrangers and bookrunners for the transaction. Participating lenders included The Korea Development Bank, Sampath Bank, Commercial Bank of Ceylon, and DBS Bank, among others.
Why it matters
The transaction demonstrates participation from several regional financial institutions in the external borrowing market. The involvement of these banks could generate interest income for them through their participation in the loan facility.
Who's involved
- Korea Development BankParticipating lender in the syndicated social loan facility
- Sampath BankParticipating lender in the syndicated social loan facility
- Commercial Bank of CeylonParticipating lender in the syndicated social loan facility
- DBS BankJoint mandated lead arranger and bookrunner for the loan
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Korea Development BankSpeculative
The Korea Development Bank might generate interest income by participating in the syndicated loan.
- Sampath BankSpeculative
Sampath Bank could generate interest income by participating in the syndicated loan.
- Commercial Bank of CeylonSpeculative
Commercial Bank of Ceylon might generate interest income by participating in the syndicated loan.
Keep exploring
The entities involved
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Korea Development Bank
South Korean state-owned enterprise
Nothing else this week.
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Sampath Bank
Sri Lankan commercial banking company
Nothing else this week.
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Commercial Bank of Ceylon
Sri Lankan commercial bank
Nothing else this week.
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DBS Bank
multinational banking and financial services company based in Singapore