Aug 27, Colombo: Sri Lanka's Alliance Finance Company, a broad-based commercial finance institution, has received approval from the Colombo Stock Exchange (CSE) to list up to Rs. 1.48 billion debt securities of the company on the Main Board of the CSE, the company said in a stock market disclosure Tuesday.
The Alliance Finance will initially issue 12 million subordinated, listed, rated, unsecured, redeemable debentures with a face value of priced at Rs. 100 for Type A, B and C debentures and at a discounted issue price of Rs. 46.5983 for Type D debentures.
In the event of over-subscription of the initial debentures, the company will issue further 5 million debentures.
The subscription list would be opened on the 13th of September.
Capital Alliance Partners Ltd. will serve as the managers to the issue.