Sri Lanka and India in link to boost textile sector
Sept 05, 2013 (LBO) – India and Sri Lanka will sign a deal to promote handloom, powerloom and textile as a delegation visits the island during a fabric …
Companies
Sri Lanka’s Pan Asia Bank becomes gilt dealer
Sept 04, 2013 (LBO) – Sri Lanka’s Pan Asia Bank Plc has been appointed a primary dealer in government securities, the Central Bank said. The bank …
Sri Lanka Forex Association gets new head
Sept 03, 2013 (LBO) – Sri Lanka Forex Association, made up members engaging in dealing Treasury related products in the island’s interbank markets …
Forestry Case
Aug 02, 2013 (LBO) – A provincial High Court in Sri Lanka is to hear a petition to wind up Touchwood Investments, a Colombo-based forestry firm, …
Sri Lanka inflation up 6.3-pct in August
Aug 30, 2013 (LBO) – Sri Lanka’s inflation measured in the capital Colombo rose 6.3 percent in the 12-months to August up from 6.1 percent in July, …
Sri Lanka’s Softlogic debentures oversubscribed
Aug 29, 2013 (LBO) – Sri Lanka’s Softlogic Finance said a debenture offer of 500 million rupees was oversubscribed. The bond sale had attracted …
Sri Lanka’s Sanasa Bank outlook cut, ‘BBB’ rating confirmed: RAM
Aug 26, 2013 (LBO) – RAM Ratings has cut outlook on a ‘BBB’ rating of Sri Lanka’s Sanasa Development Bank Plc, a micro-financier based …
Sri Lanka’s Softlogic to sell a billion rupees in debt
Aug 22, 2013 (LBO) – Sri Lanka’s Softlogic Holdings will sell up to a billion rupees in listed debt, the Colombo Stock Exchange said. The company …
Sri Lanka’s John Keells Holdings ‘AAA(lka)’ rating confirmed: Fitch
Aug 19, 2013 (LBO) – Sri Lanka’s John Keells Holding’s ‘AAA(lka)’ rating has been confirmed by Fitch with a stable outlook, …
Sri Lanka’s Nawaloka Hospitals to sell Rs1.5bn in debt
Aug 12, 2013 (LBO) – Sri Lanka’s Nawaloka Hospitals Plc will sell 1.5 billion rupees in unsecured listed debt RAM Ratings Lanka said, giving them …
Sri Lanka’s HNB deep discount bond sale to open Aug 23
Aug 11, 2013 (LBO) – The sale of up to three billion rupees in deep discount bonds by Sri Lanka’s Hatton National Bank will open on Aug 23. Fitch …
Sri Lanka Sampath Bank ‘AA’ rating confirmed by RAM
Aug 08, 2013 (LBO) – An ‘AA’ rating of Sri Lanka’s Sampath Bank has been confirmed by RAM Rating Lanka with a stable outlook. …
Sri Lanka’s Nanda Investment on positive rating watch: RAM
July 29, 2013 (LBO) – Nanda Finance Investment Plc, a small finance company that was recently acquired by Bangladesh-based BRAC micro finance group and …
Sri Lanka HNB’s plans 10-year Rs3.0 deep discount debenture
June 28, 2013 (LBO) – Fitch Ratings has given an ‘AA-(lka)’ expected rating to a 3.0 billion rupee deep discount debenture to be sold by Sri …
Sri Lanka Senkadagala Finance debentures allotted
May 28, 2013 (LBO) – Subscribers to debentures of Sri Lanka’s Senkadagala Finance Plc, rated BBB+(lka) by Fitch will get up to 180,000 the entire …
Sri Lanka’s Softlogic Finance raises Rs500mn in debt
May 28, 2013 (LBO) – Sri Lanka’s Softlogic said it had raised 500 million rupees in two year funds by selling securitized debt. The firm said …
Sri Lanka’s Bogala Graphite returns to profit
May 18, 2013 (LBO) – Sri Lanka’s Bogala Graphite Plc, a unit of Germany’s AMG Mining AG, returned to a profit of 15.6 million rupees in the …
Singer (Sri Lanka) debentures given ‘A(lka)’ final rating: Fitch
May 4, 2013 (LBO) – Fitch Ratings said it had given a final rating of ‘A(lka)’ to a 1.5 billion rupee tranche of fixed interest rate …
Sri Lanka’s BB- sovereign rating confirmed: Fitch
Apr 23, 2013 (LBO) – Sri Lanka’s ‘BB-‘ sovereign rating has been confirmed with a stable outlook by Fitch on tighter monetary policy …
Sri Lanka Hayleys to sell Rs2.0bn debt
Apr 12, 2013 (LBO) – Sri Lanka’s Hayleys Plc, a diversified group will sell 2.0 billion rupees of listed unsecured debt which will have been rated …