Sri Lanka’s Access Engineering to raise Rs5bn from listed debenture

Nov 02, 2015 (LBO) – Sri Lanka’s construction giant, Access Engineering is to raise 5.0 billion rupees from a listed debenture issue, the company said in a stock exchange filing.

The company has decided to issue 30 million debentures at 100 rupees each with an option, to issue up to a further 20 million debentures in the event of over subscription, subject to the necessary regulatory approvals.

The subscription list will be open on 12 November 2015 and NDB Investment Bank is managing the debt issue.