LOLC Finance to issue Rs.15 bn in listed, rated debentures

LOLC Finance PLC said it will proceed with a Rs.15 billion debenture issue, following board approval for the fundraising programme announced in early September. The company plans to issue up to 150 million listed, rated, unsecured, senior, redeemable debentures, it said in a stock exchange filing. The issuance has received regulatory clearance from the Central Bank of Sri Lanka under the Finance Companies (Debt Instruments) Direction No. 03 of 2013.

LOLC Finance said it will seek a listing for the debentures on the Colombo Stock Exchange (CSE).