Sanasa Development Bank to raise Rs4bn from listed debenture


Dec 21, 2015 (LBO) – Sri Lanka’s Sanasa Development Bank is to raise 4.0 billion rupees from a listed debenture issue, the company said in a stock exchange filing.

The company has decided to issue 20 million debentures at 100 rupees each with an option to issue up to a further 20 million debentures in the event of an over subscription, subject to the necessary regulatory approvals.

The subscription list will be open on 28 December 2015 and NDB Investment Bank managing the debt issue.