DFCC Bank PLC entered into a Rs. 9 billion revolving financing arrangement for Havelock City Commercial Development, comprising a 50-storey office tower and a 200,000 square feet international standard shopping mall.
Havelock City (Private) Limited is a BOI registered company which is a fully owned entity of Overseas Realty (Ceylon) PLC.DFCC Bank Director and CEO Lakshman Silva said, “This transaction further stands testament to the ability we have in closing large transactions and manifests our strong and continued commitment to support in navigating the current financial uncertainties and challenges posed.”DFCC Bank Senior Vice President and Head of Corporate Banking, Shamindra Marcelline said, “This is another significant achievement by the bank. We are proud of our long standing partnership with Havelock City and the Overseas Reality Group.”