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1. Nations Trust Bank PLC concluded a landmark USD 20 million Syndicated Term Loan facility for Coastline
Hotels and Resorts (Pvt) Ltd, on 21st
March 2017. The USD 20 million facility is the first tranche of a larger
syndicate loan for which Nations Trust Bank has been appointed as the Mandated Lead Arranger by
Coastline Hotels and Resorts (Pvt) Ltd, a leading resort developer in the Maldives.
The funding participants in the syndicate are Nations Trust Bank and Hatton National Bank PLC. Nations
Trust Bank will also act as the Facility Agent and Security Agent for the syndicate. Commenting at the
conclusion of the event, Ms Renuka Fernando, Director-CEO Nations Trust Bank said “This is a landmark
transaction for Nations Trust Bank as it highlights our capabilities in Project Finance and Structured
Banking and underscores what will be a key part of our Corporate Banking strategy. This transaction is
also evidence of the confidence placed in Nations Trust Bank by an international group, to arrange their
complex financing requirements”. In addition to resort development, the Coastline Group has significant
business interests in luxury resort management, international oil trading, construction and ship building.
Nations Trust Bank PLC is amongst the top 25 business establishments in Sri Lanka, ranked by Business
Today Magazine and is the benchmark for customer convenience, ably providing a host of financial
products and services to a wide range of customers. Nations Trust Bank operates 93 branches across the
country, boasting an ATM network covering 137 locations plus more than 3,500 ATMs on the Lanka Pay
Network and is the issuer and sole acquirer for American Express® Cards in Sri Lanka.
Ms Renuka Fernando, CEO/Director, Nations Trust Bank, Hemantha Gunetilleke, DGM Commercial Banking and
Lakshan Wanniarachchi, Manager Project Finance at the conclusion of the transaction with Mr A U Maniku,
Chairman of Coastline Group and other Directors.