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
Former JMO's petition seeking to prevent arrest in Thajudeen case to be considered on Sept 09
-- [34 minutes ago]
UN Chief arrives in Sri Lanka
-- [58 minutes ago]
Japan pledges Rs14 billion development loan to Sri Lanka, will establish a secretariat
-- [1 hour and 20 minutes ago]
U.S.-Sri Lanka Joint Action Plan to Boost Trade and Investment goes into effect
-- [1 hour and 46 minutes ago]
Sri Lanka Bribery Commission charges former Defense Secretary and seven others
-- [2 hours ago]
Inflation in Sri Lanka capital Colombo declines to 4.3 percent in August 2016
-- [2 hours ago]
Nepal police seek cooperation of Sri Lanka police to prevent human trafficking of Nepali women
-- [8 hours ago]
SLTB amends plaint to remove ministers Susil Premajayantha and Anura Priyadarshana Yapa from the defendants list
-- [9 hours ago]
World Bank commends Sri Lanka for meeting developmental goals, promises to increase aid
Sri Lanka PM to leave for Singapore to attend Indian Ocean Conference 2016

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.