Sri Lanka’s MTD Walkers to sell Rs3.0bn in listed debt

debenture_lbo

Sep 17, 2015 (LBO) – Sri Lanka’s construction and engineering sector player MTD Walkers is planning to sell 3.0 billion rupees of listed debt, the Colombo Stock Exchange said.

The CSE said it had approved an application by MTD Walkers to offer 25 million debentures of 100 rupees each and a further 5 million if the first tranche is oversubscribed.

Subscriptions will open on September 28 with NDB Investment Bank and Arpico Ataraxia Asset Management Private Limited is jointly managing the debt issue.