Sri Lanka’s DFCC Vardhana Bank to issue debt

May 20, 2015 (LBO) – Sri Lanka, DFCC Vardhana Bank PLC, is to issue 50,000,000 subordinated and senior unsecured listed redeemable rated debentures at an issue price of 100 rupees per share, with a minimum of 20,000,000 debenture allotted to each type of debenture, the company said in a filing to Colombo Stock Exchange.

The filing also said that the Colombo Stock Exchange has approved in principal an application for listing the debt securities of the company.

The subscription list will open on 29th May 2015.

Capital Alliance Partners limited and Acuity Partners private limited will jointly manage the issue.