Sri Lanka’s Richard Pieris on a Rs. 3.5 bn debt sale
Sri Lanka’s Richard Pieris and Company PLC will sell up to 35 million debentures, each priced at Rs. 100 to raise up to Rs. 3.5 billion.
The company, which has got the CSE approval to list the proposed debt issue on the CSE, will initially issue 30 million debts in the initial stage, while another five million debts would be issued, if the first tranche gets oversubscribed.
The selling of the rated, unsecured, redeemable debentures will start on the 7th of May.