Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

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 Navy assists building facilities for transportation among islands in the Jaffna peninsula
-- [1 hour and 55 minutes ago]
President launches program to plant one billion trees as renewable energy sources
-- [3 hours ago]
Five police officers arrested over deaths of two Jaffna University students
-- [4 hours ago]
Sri Lanka Telecom wins government fiber optic broadband deal
-- [4 hours ago]
'Living Heritage' event to showcase and promote heritage of Sri Lankan capital Colombo
-- [4 hours ago]
India - Sri Lanka joint military training exercise 'Mithra Shakthi' 2016 begins next week
-- [5 hours ago]
Sri Lanka expects GSP+ between March and May 2017 if current reforms continued
-- [5 hours ago]
Sri Lanka nationwide inflation increases to 4.7 percent in September 2016
-- [6 hours ago]
Sri Lanka Customs arrests Chinese national attempting to smuggle gems worth over Rs. 11 million
Industrial and Technology Development super zone to be established in Kalutara

Copyright © 2000, 2012 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.