Singer Finance receives CBSL approval to issue high yield bonds 

Singer Finance (Lanka) has received approval from the Central Bank of Sri Lanka (CBSL) to issue up to a maximum of ten million (10,000,000), listed, rated, unsecured, subordinated, redeemable, high yield bonds of Rs. 100 each, to raise a maximum sum of Rs. 1 billion with a tenor of five years. 

In a disclosure to the Colombo Stock Exchange (CSE), Singer Finance (Lanka) said it is currently awaiting approval from the Governing Board of the Central Bank of Sri Lanka regarding the inclusion of High Yield Bonds in the Tier 2 Capital Computation.