Category: Companies
‘s Commercial Bank to raise Rs. 1.5 bn in debt
Sri Lanka’s Commercial Bank of Ceylon is privately raising up to Rs. 1.5 billion through a five-year unsecured subordinated debenture to feed its medium term credit expansion, officials said Tuesday. Sri Lanka’s Commercial Bank of Ceylon is privately raising up to Rs. 1.5 billion through a five-year unsecured subordinated debenture to feed its medium term […]
‘s Rs. 1 bn debenture gets BBB+ (sri) rating
Seylan Bank has picked up a BBB+ (sri) rating for its upcoming five year billion rupee debenture from Fitch Ratings Lanka. Seylan Bank has picked up a BBB+ (sri) rating for its upcoming five year billion rupee debenture from Fitch Ratings Lanka. The bank is issuing unsecured subordinated debt to meet beef up its capital. […]
‘s rating
Fitch Ratings Lanka has upgraded Hatton National Bank or HNB to A (sri) from A-(sri), as its financial health is on the mend. Fitch Ratings Lanka has upgraded Hatton National Bank or HNB to A (sri) from A-(sri), as its financial health is on the mend. A (sri) rating denotes a low expectation of credit […]
‘s Leasing picks up a new funding line
Sampath Bank bought up Rs. 400 million worth of securitised paper on Wednesday locking up returns up to four years. Sampath Bank bought up Rs. 400 million worth of securitised paper on Wednesday locking up returns up to four years. People’s Leasing Co. (PLC) which issued the lease-backed securities, also picked up a Rs.150 million […]
‘s ACE Power Embilipitiya
HSBC Global Markets, a unit of HSBC Group, structured a derivative instrument for Sri Lanka’s ACE Power Embilipitiya in a deal worth US$ 34.05 mn. HSBC Global Markets, a unit of HSBC Group, structured a derivative instrument for Sri Lanka’s ACE Power Embilipitiya in a deal worth US$ 34.05 mn. ACE Power will hedge its […]
‘s Leasing Co. locking returns up to four years
Hatton National Bank bought up Rs. 200 mn worth of securitised paper on Monday, locking returns for up to four-years. Hatton National Bank bought up Rs. 200 mn worth of securitised paper on Monday, locking returns for up to four-years. People’s Leasing Co. (PLC) issued the lease-backed securities to feed a growing appetite for leases […]
Sri Lanka Telecom hires Fitch and Standards &’s for an international rating
Triple A rated Sri Lanka Telecom has signed up for a rating with two top international agencies, Fitch Ratings of USA and Standards & Poor’s as it embarks on an overseas roadshow for its upcoming debt issue next month. Triple A rated Sri Lanka Telecom has signed up for a rating with two top international […]