SINOSURE Backs First Ever Private Sector Financing Facility in Sri Lanka

LAUGFS Gas PLC and Standard Chartered today announced the first ever private sector financing facility in Sri Lanka supported by China Export & Credit Insurance Corporation (SINOSURE) for the 30,000MT LAUGFS Import & Export Terminal at Hambantota. As a principal party to this transaction, Standard Chartered acted as the coordinating bank, sole facility arranger and lender for the financing facility.

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