Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka's Commercial Credit's Debenture Issue raises Rs. 119 million
Tue, Feb 5, 2013, 11:40 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 05, Colombo: Commercial Credit and Finance PLC's Rs. 250 million debenture issue has raised Rs. 119.2 million up to February 01, the Merchant bank of Sri Lanka disclosed in a statement to the Colombo Stock exchange.

The 2.5 million five-year debentures of Rs. 100 each opened on January 23, 2013 with an option to issue a further 2.5 million debentures in the event of an over subscription amounting to a total value of Rs 500 million.

The debentures listed on the Second Board of the Colombo Stock Exchange with 20% interest payable on a quarterly basis will yield an annual effective rate of 21.55%.

From 114 applications received by the end of the February 01 trading day1,191,755 million had been issued raising Rs. 119,175,500 million.

The Issue will close on February 13 or whichever earlier date on which the initial 2.5 million Debentures or the entire 5 million are fully subscribed.



ColomboPage - Recent 10 Stories
Sri Lanka Insurance Corporation posts profits before tax of Rs. 630 million in 1Q 2015
-- [2 hours ago]
Construction work on Matara-Hambantota segment of Sri Lanka's Southern Expressway commenced
-- [3 hours ago]
Former leader of Sri Lanka Marxist party to form a new alternative front
-- [4 hours ago]
Former President may contest elections from Kurunegala
-- [5 hours ago]
UNP warmly welcomes first crossover of SLFP stalwart Nawinna
-- [6 hours ago]
Sri Lankan President pledges not to reverse 'January 08 Revolution' and family rule to return
-- [7 hours ago]
Sri Lanka Police to ensure election rules are strictly enforced during polls
Work on Matara-Hambantota segment of Sri Lanka's Southern Expressway to begin today
Sri Lanka inks first trade pact with China's Guangzhou
Constitutional council meets for the first time

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.