Sri Lanka’s DFCC to raise Rs. 5 billion via a debt sale
Sri Lanka’s DFCC Bank is planning to raise up to Rs. 5 billion via a debt issue, a stock market disclosure announced.
Initially, the firm is planning to issue 30 million debentures, each priced at Rs. 100, while another 20 million debentures would be issued, in case the initial tranche gets oversubscribed.
The firm said that it has got the CSE approval for the debt issue, which would be unsecured, redeemable and rated debts.
Accordingly, the subscription list would be opened on the 7th of August, 2014.