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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka’s Senkadagala Finance’s Rs. 1 billion debt issue oversubscribed

Sri Lanka’s Senkadagala Finance’s Rs. 1 billion debt issue oversubscribed

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Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Senkadagala Finance PLC’s issue of listed debentures to raise Rs. 1 billion has been oversubscribed, announced a market disclosure by the firm.
Accordingly, the company which opened the subscription list on Tuesday has closed it on the same day at 4.30 pm.

The finance firm initially only planned to raise Rs. 500 million via this offer, but kept the option open to raise Rs. 1 billion in case of an over-subscription of the initial tranche of Rs. 500 million.

Senkadagala Finance has issued 10,000,000 million senior, listed, rated, unsecured, redeemable debentures.

Fitch has assigned a ‘BBB+ (lka)’ National Long-term rating for the debt issue.

Taprobane Wealth Plus (Pvt) Ltd, a subsidiary of Taprobane Holdings PLC was the managers of this issue.
http://www.news360.lk/business-finance/news-22-05-2013-debt-sri-lanka-senkadagala-finance-rs-1-billion-debt-issues-oversubscribed-6678798

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
So how much will TAP earn. Any chances TAP to report good profit??

sriranga

sriranga
Co-Admin
http://www.cse.lk/cmt/upload_cse_announcements/9451369736537_.pdf
Sri Lanka’s Senkadagala Finance’s Rs. 1 billion debt issue oversubscribed Senkad10

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