People’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 …
Companies
Singer picks up A+(sri) rating for upcoming debenture
Singer Sri Lanka walked off with a A+(sri) rating from Fitch Ratings Sri Lanka for its upcoming four-year Rs. 500 million debenture. Singer Sri Lanka walked …
Sovereign Rating Soon
Government has appointed a steering committee in a renewed push to obtain a sovereign rating ahead of attempts to tap the international market for debt to …
Rating Agency Malaysia in talks to take full control of Lanka Ratings Agency
The Ceylinco Consolidated Group is in talks with Rating Agency Malaysia (RAM) to sell off its equity stake in Lanka Ratings Agency, a top official said. The …
Sri Lanka Telecom comes off a ratings watch, but concerns linger over its cellular subsidiary: Fitch Ratings
Telco giant Sri Lanka Telecom came off Fitch Ratings Lanka’s ratings watch, but management concerns over its mobile unit is holding back network …
HSBC structures foreign exchange link derivative deal for Brandix
HSBC Global Markets, a unit of HSBC Group, structured a derivative instrument for Sri Lanka’s Brandix Lanka Ltd in a deal worth US$ 8.5 mn (£ 4.5 mn). …
Hatton National Bank looks to securitise mortgage receivables
Hatton National Bank (HNB) plans to securitize mortgage receivables to raise asset yields after reporting that profits halved last year. Hatton National Bank …
HSBC Global Markets, structures a US$ 34.05 mn derivative deal for Sri Lanka’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 …
Hayleys MGT’s credit profile slips, as it opts for a debt finance drive to expand capacity and sets aside extra cash for working capital
Hayleys MGT’s credit metrics has weakened somewhat recently, as it embarks on a debt finance drive and steps up its working capital requirements to keep …
Commercial Bank comes out with Bangladesh’s maiden bond paper
Commercial Bank of Ceylon is taking Bangladesh’s nascent capital markets up another step by issuing the country’s first debenture issue shortly. …
S&P revises Sri Lanka Telecom outlook to negative
International rating agency Standard & Poor’s Ratings Services on Tue. revised Sri Lanka Telecom’s rating outlook to negative from stable. …
HDFC Bank picks up A (sri) rating from Fitch for its upcoming Rs. 500 mn debt issue
State housing giant, HDFC Bank picked up a A (sri) rating from Fitch Ratings Lanka for its upcoming Rs. 500 mn four year unsecured debenture issue. State …
Sri Lanka Telecom gets top billings from international rating agencies Fitch and Standard & Poor’s
International credit rating agencies, Standard & Poor’s and Fitch, have assigned investment grade ratings for Sri Lanka Telecom. International …
Hemas profits pick up amidst inflationary pressures for its key personal and healthcare units
Healthy returns from the personal and healthcare units boosted Hemas Holdings net profits up eight percent to Rs. 149 mn during the second quarter ending 2005. …
Singer gets top rating for its upcoming Rs. 600 mn debt issue to fund higher purchase business
Fitch Ratings Lanka Ltd (FRL) assigns A(sri) national long-term credit rating for Singer (Sri Lanka) Ltd.’s upcoming Rs. 600mn unsecured redeemable debenture …
Seylan Bank collects a BBB+ (sri) rating for its upcoming Rs. 1 bn debt issue
Seylan Bank collected a BBB+ (sri) rating from Fitch Ratings Lanka for its upcoming Rs. 1 bn debt issue. Seylan Bank collected a BBB+ (sri) rating from Fitch …
HDFC ties up with Citibank to raise Rs. 500 mn through a 10-year securitised paper
HDFC Bank signed up with Citibank N.A. to raise half a billion rupees through a 10-year securitised paper to feed its booming housing loan portfolio. HDFC Bank …
Seylan Merchant Bank is raising up to Rs. 200 mn in debt to feed its growing leasing business
Seylan Merchant Bank (SMB) is raising up to Rs. 200 mn in debt to feed its growing leasing business. Seylan Merchant Bank (SMB) is raising up to Rs. 200 mn in …
HNB mopped up Rs. 200 mn worth of securitised paper from People’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 …
Commercial Bank gets a AA (sri) rating for upcoming Rs. 1 bn debt issue
Commercial Bank is raising a billion rupees through private placement of four-year debentures, largely to feed its growing loan book. Commercial Bank is …