Net Asset Rs 112 EPS= 13
This share is not much appreciated..
JKH has entered into a long-term financing agreement with the International Finance Corporation (IFC) for USD 175mn to support funding company’s investment pipeline. The proceeds from the facility will primarily be utilised to fund the Group’s expansion of its supermarkets business, recent investments in hotels in the Maldives and Sri Lanka and for general corporate investments.
Key features of the facility:
*Rate - 6-month LIBOR plus margin of 380 basis points (based on the 6-month LIBOR as of date, the initial interest
rate on the loan will be 4.21 per cent per annum)
*Step-down pricing mechanism - A step-down pricing mechanism to a margin of 355 basis
points by March 2024
*Tenor - Ten-year tenor till June 2030
*Grace period - Four years with capital repayments commencing in
This facility is IFC’s largest investment to-date in Sri Lanka.