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
Chinese Leader concludes visit to Sri Lanka, leaves for India
-- [2 hours ago]
Speeding vehicle knocks down ruling party Uva PC candidate in Sri Lanka
-- [3 hours ago]
Pope approves canonization for Sri Lanka's first saint
-- [5 hours ago]
Over 50,000 estate Tamil youth in Sri Lanka unable to vote at Uva PC election
-- [5 hours ago]
Sri Lanka political parties hold final campaign rallies for Uva PC election today
-- [6 hours ago]
Central Bank releases publication on Socio-Economic Data - 2014 of Sri Lanka
-- [7 hours ago]
Sri Lanka's trade deficit widens 55.2 percent in July 2014 mainly due to oil imports
-- [7 hours ago]
Indian authorities to question Sri Lankan spy suspect
Norway has no interest in creating communal tension in Sri Lanka - envoy
Sri Lanka, China leaders inaugurate Colombo Port City Project

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.