Tue, 28 Mar 2023 Today's Paper

Singer Sri Lanka in Rs.3bn debt issue

21 April 2015 09:24 am - 0     - {{hitsCtrl.values.hits}}


Leading consumer durables retailer Singer Sri Lanka PLC plans to raise up to Rs.3 billion through a debenture issue.
The unsecured redeemable debentures are likely to have a three-year tenure and to be issued in two tranches with fixed and floating rates.
Fitch Ratings Lanka has assigned ‘A-(lka) (EXP)’ to the issue on par with Singer’s national long-term rating.
The proceeds of the proposed issue will be used as working capital and to refinance the existing debt.
The company’s interest-bearing borrowings as at December 2014 stood at over Rs.6.8 billion. 
Singer Sri Lanka raised Rs.1.5 billion through a previous debenture issue in December 2014.

  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