FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » PLC Debenture Issue

PLC Debenture Issue

Go down  Message [Page 1 of 1]

1PLC Debenture Issue Empty PLC Debenture Issue Fri Jul 17, 2015 9:01 pm

laknathm


Stock Trader

Apart from its own branches,


PLC also operates 109 window offices within branches of People’s


Bank. It is likely that state support will flow to PLC through


People’s Bank due to their strong linkages.






State-owned People’s Bank subsidiary People’s Leasing & Finance

PLC (PLC) is to raise Rs.6 billion through a proposed senior

unsecured debenture issue. Fitch Ratings has assigned AA-(lka)

(EXP) for the issue in line with PLC’s national long-term rating.

PLC expects to use the proceeds for working capital purposes, to

diversify its funding mix, and to reduce maturity mismatches.

The issue is expected to have tenors of four and five years with

fixed-rate coupon payments. In 2014, PLC accounted for about

10 percent of People’s Bank group assets, and contributed about

17 percent of its post-tax profits. 

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum