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DFCC gets CSE nod to list debt securities

21 May 2015 04:07 am - 0     - {{hitsCtrl.values.hits}}

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DFCC Vardhana Bank is raising Rs.5 billion by way of a debenture issue and has received the preliminary approval to list the debt securities in the Colombo Stock Exchange (CSE). 
The bank will be officering 50 million subordinated, senior, unsecured, listed, redeemable debentures at an issue price of Rs.100 each with a  minimum of 20 million debentures allotted to each type of debentures, i.e. type A and type B.

The debentures will have a tenure of five years and carry fixed coupons. DFCC Vardhana is the commercial banking subsidiary of DFCC Bank PLC and the entities recently said that they made an application to the Central Bank seeking approval to merge the operations of the two entities.  The two banks also require the shareholder approval to go ahead with the merger. The joint managers to the debenture issue are Capital Alliance Partners and Acuity Partners.
The subscription list of the issue will be opened on May 29, 2015.
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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

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