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Singer Sri Lanka in Rs.3bn debt issue

17 December 2015 03:01 am - 0     - {{hitsCtrl.values.hits}}

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Singer Sri Lanka PLC, a leading white goods retailer in the country, said it was raising Rs.3 billion via a proposed debt issue.
Accordingly, the company plans to issue unsecured senior debentures up to Rs.3 billion, which will have a three-year tenure with a fixed coupon.
The proceeds of the issue will be used to refinance the existing debt, restructure short-term debt and for working capital requirements. Fitch Ratings yesterday assigned the proposed debentures a national long-term rating of ‘A-(lka)(EXP)’. The rating is on par with Singer’s national long-term rating.
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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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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.