Alpen Capital has advised Sanasa Development Bank PLC, in raising a USD 40 million long term facility.
The facility was funded by Development Finance Corporation, the development finance institution of the United States federal government, and will be used by SDB Bank to fund the growth of its small and medium enterprises portfolio and 2X eligible women-owned SMEs portfolio.
About SDB: Established in 1997, Sanasa Development Bank PLC is a leading financial services provider, domiciled in Sri Lanka. It offers a full range of products and services to customers in the corporate, retail and SME sectors. Principal activities include leasing SME financing, various forms of loans, internet and mobile banking, and money transfer services.
About US Development Finance Corporation (DFC): U.S. International Development Finance Corporation (DFC) is the U.S. Government's development finance institution. DFC mobilizes private sector investment in emerging economies and prioritizes investments in lower-income countries and underserved communities. DFC offers debt financing, equity investments, funding for emerging markets private equity funds, political risk insurance, feasibility studies and technical assistance.