Wed, 29 Mar 2023 Today's Paper

LOLC’s Rs.10bn debenture issue snapped up on opening day


19 February 2021 11:06 am - 0     - {{hitsCtrl.values.hits}}


LOLC Holdings PLC successfully raised Rs.10 billion via a listed debenture issue, of which the subscription list officially opened yesterday.

As a result, the issued was closed at 4.30 p.m. yesterday. 

The company plans to offer 75 million listed, rated, senior, unsecured, redeemable debentures, each priced Rs.100 with an option to issue up to a further 25 million of the said debentures in the event of an oversubscription of the 
initial issue.

NDB Investment Bank (NDBIB) functioned as Managers to the issue, while PW Corproate Secretarial Private Limited acted as Registrars.

Meanwhile, NDBIB and People’s Bank Investment Banking Unit functioned as joint placement agents to the issue.

  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.

Reply To:

Name - Reply Comment

Import of South Indian eggs: Sri Lanka walks on Indian eggshells

With the increase in egg prices the government decided to import eggs to regu

Wokeism: Is it destructive, or are you afraid of change? A response

In order to critically discuss a movement, we must first understand its etymo

Defeat in Ananthapuram Battle denoted the LTTE’s end

Many battles were fought during the long war between the Sri Lankan armed for

Wokeism: A Weapon of Mass Destruction?

When can one say they’ve had enough of being in a state of ‘wokeness’ a