New Blood


Merchant Bank of Sri Lanka is tapping the local debt market to raise up to Rs. 200 mn to fuel its expansion programme.
rnrnrnrnrnrnNew Page 1rnrnrnrnrn

Arnfour-year unsecured debenture, which comes with a combination of fixed andrnfloating interest rates starting from 10 percent, will be on offered to thernpublic shortly.

rnrn rn rn rn
rn

THE ISSUE

rn

Fixedrn Interest Rate: rn Floating Interest Rate

rn

Interestrn payment quarterly at 10% rn Interest payment quarterly

rn

Interestrn payment bi-annually at 10.12% Interestrn payment bi-annually

rn

Interestrn payment annually at 10.38% rn Interest payment annually

rn

*rn (Floating rate is linked to the one-year treasury bill rate. The issuern comes with a floor of 8.5% and a cap of 12.%).

rn

MBSLrnCEO Sunil Wijesinghe says the money will be used to grow its Rs. 1.5 bn leasingrnportfolio and expand its branch network.

rn

ldblquote Wernhave come out of the woods and now look forward for a higher burst of growthrnnext-year, dblquote Wijesinghe told Lanka Business Online.

rn

Thernissue will not carry a credit rating and will not be listed on the Colombo StockrnExchange. The date of the issue was not annouced.

rn

rn

-LBO Newsdesk: LBOEmail@vanguardlanka.comrn

rnrnrnrn
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x