Sri Lanka’s Commercial Credit and Finance to issue Rs1bn debt

Commercial-Credit-and-Finance

May 11, 2015 (LBO) – Sri Lanka’s Commercial Credit and Finance, to issue debenture to raise one billion rupees which will be listed on the Colombo Stock Exchange, the bank said in a stock exchange announcement.

The company plans to offer 10,000,000, rated, subordinated, guaranteed, redeemable debentures at an issue price of 100 rupees each.

The date of opening the subscription list will be 21st of May this year and First Capital Limited is the managers to the issue.