Major Omani and Emirati banks, along with Asian Development Bank (ADB), funded a US$69mn facility through a syndicate loan for LOLC Finance, one of the biggest and rapidly growing non-bank financial companies in Sri Lanka. Alpen Capital (ME) acted as the financial advisor to LOLC Finance. The syndication was split into two tranches: The first,  which is for a period of seven years, has been funded completely by the ADB. The second tranche, for a period of three years, has been funded by Bank Muscat, FGB, Emirates NBD, National Bank of Oman and Rakbank. ADB acted as the lender of record for both the tranches and Bank Muscat and FGB acted as the mandated lead arrangers for the second tranche, an Alpen Capital press release said on Wednesday. (Muscat Daily)