NDB Investment Bank Limited has successfully syndicated a five-year, 40 million US dollar loan for Maldives Airport Company Limited, with the deal being led by banks based in Sri Lanka. This loan is designated for financing capital expenditures related to the new passenger terminal at Velana International Airport.
Hatton National Bank PLC of Sri Lanka served as the lead bank and facility agent, with Nations Trust Bank PLC and Habib Bank Limited of Maldives also acting as lead banks, according to NDBIB.
Harshana Jayaweera, Chief Executive Officer of NDBIB, highlighted that the deal capitalized on the firm’s expertise in syndicated loans and its extensive knowledge of the Maldivian market. NDBIB’s experience includes advising on the Initial Public Offering of Ooredoo Maldives, which was the first foreign IPO managed by a Sri Lankan investment bank, as well as Maldives Islamic Bank.
Additionally, NDBIB has provided advisory services for an 18 million dollar revolving credit facility and a 10 million dollar term loan for an energy company.
Kaushini Laksumanage, Chief Operating Officer of NDBIB, noted that Maldives Airport Company Limited managed to secure the financing in a challenging market environment for the Maldives, thanks to the support of banks and legal advisors FJ&G De Saram (Sri Lanka) and SHC Law and Tax LLP (Maldives).
(Colombo/Jan10/2026)
