SALIENT FEATURES OF THE ISSUE
Instrument type : Listed, Senior, Unsecured, and Redeemable & Rated Debentures.
Rating : ‘AA (-)’ by Fitch Ratings Lanka Limited
Listing : Main Board of the Colombo Stock Exchange
Number of Debentures to be issued: 30,000,000 (Thirty Million) Debentures with the option to issue further 30,000,000 (Thirty Million), totaling up to a maximum of 60,000,000 (Sixty Million) Debentures.
Issue Value / Face value of a Debenture: LKR 100/- (Rupees One Hundred)
Total value of the Issue : LKR 3,000,000,000/- (Rupees Three Billion) with the option to raise further LKR 3,000,000,000/- (Rupees Three Billion), totaling up to a maximum of LKR 6,000,000,000/- (Rupees Six Billion)
Tenure of Debentures : 4 years (2013 / 2017) and 5 years (2013 / 2018)
Issue Opening Date : 19th March 2013 (However, applications may be submitted forthwith)
Issue Closing Date : 9th April 2013 or such earlier date on which the initial 30,000,000
Debentures or the entire 60,000,000 Debentures are fully subscribed in terms of this Prospectus.
Types of the Debentures/ Interest Rates: At the discretion of the investor
Option 1: 4 Years, Fixed Interest Rate of 16.50% p.a. payable Semi- Annually. (AER - 17.18%)
Option 2: 5 Years, Fixed Interest Rate of 16.75% p.a. payable Semi-Annually. (AER - 17.45%)
Option 3: 5 Years, Fixed Interest Rate of 17.00% p.a. payable annually (AER - 17.00%)
Basis of allotment : In the event of an over subscription, the basis of allotment will be decided within 7 market days from the date of closure.
Minimum Subscription : The minimum subscription per application is Rupees One Million
(LKR 1,000,000) or Ten Thousand (10,000) Debentures. Applications in excess of the minimum Subscription shall be in multiples of Rupees Five Hundred Thousand (LKR 500,000) or Five Thousand (5,000) Debentures
Mode of Payment (Principal& Interest) : Interest and Principal will be paid to Debenture holders by Crossed Cheques marked “Account Payee Only”
Dates of payment of Interest: The semi-annual interest payments shall made on 30th June and
31st December each year whereas, the annual interest payments will fall on 31st December each year from the date of allotment until redemption / maturity.
Interest payments will be made within three (3) market days from the due date of interest.
Redemption / Maturity date: On completion of 4 years / 5 years respectively from the date of allotment or on such earlier date on which the Debentures are redeemed or become payable in terms of the Trust Deed.