Commercial Credit Rs.1bn debenture issue snapped up

22 May 2015 04:10 am - 0 - {{hitsCtrl.values.hits}}

A A A

Commercial Credit and Finance PLC’s issue of 10 million rated, subordinated, guaranteed, redeemable five-year debenture issue at a par value of Rs.100 was oversubscribed yesterday.
Interest on the debentures will be paid at a fixed rate of 10.50 percent per annum on the principal sum quarterly each year.
“We’re indeed very happy with the performance of this debenture issue and thank the public of Sri Lanka for the overwhelming trust placed in Commercial Credit.
This debenture issue has also given our investors the unique chance to be a part of our continuing efforts to reach out to more people in this country and thereby further enhance the quality of their lives,” Commercial Credit and Finance Chief Operating Officer Rajiv Casie Chitty said. The five-year rated, subordinated, guaranteed, redeemable debentures will be listed on the Colombo Stock Exchange.
Bankers to the issue was Hatton National Bank PLC while the Manager and Registrars to the issue were First Capital Limited and S.S.P. Corporate Services (Private) Limited respectively. The Trustee to the issue was Bank of Ceylon. Lanka Rating Agency Ltd had assigned a long term rating of ‘AA’ to these debentures.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Commercial Credit Rs.1bn debenture issue snapped up

Comments - 0

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

Ranil Wickremesinghe caravan moves on despite barking dogs

Uma Oya Development Project inaugurated

Racing event tragedy leaves seven dead including eight-year-old child

Two racing drivers arrested over Fox Hill tragedy

Former MP Palitha Thewarapperuma dies from electrocution

Complaint lodged over Piumi Hansamali's possession of Gota’s Range Rover

MIRROR CRICKET

TODAY'S HEADLINES