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

Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Fertilizer ban relaxed: Stock-watch CIC
by ADVENTUS Today at 1:19 am

» Expolanka Holding
by cseguide Today at 12:08 am

» TAP and Greg from Tomorrow
by jaya Today at 12:03 am

» LGL and LMF run on the card
by jaya Yesterday at 11:34 pm

» What will happen to AMF¿??????
by dayandacool Yesterday at 10:52 pm

» Top Foreign Trading today
by SAGA Yesterday at 9:28 pm

» Boga unusual Collection....
by keeper Yesterday at 9:12 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by samaritan Yesterday at 6:42 pm

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by samaritan Yesterday at 6:23 pm

» Top crossings today
by SAGA Yesterday at 4:16 pm

» ROYAL CERAMICS PLC (RCL.N0000)
by chandike73 Yesterday at 3:28 pm

» Talks to get FedEx, Expo Freight hubs at BIA
by samaritan Yesterday at 1:05 pm

» L B Finance PLC (LFIN.N0000) - (1st Interim dividend for 1Q 2022)
by Venu123 Yesterday at 11:28 am

» PIRAMAL GLASS CEYLON PLC (GLAS.N0000)
by sandamal Yesterday at 11:07 am

» SEMB the ASPH
by soileconomy Mon Aug 02, 2021 9:31 pm

» Browns bullish on investments in local, international hotels
by SAGA Mon Aug 02, 2021 8:23 pm

» LAUGFS GAS PLC (LGL.N0000)
by Wickyz Mon Aug 02, 2021 2:06 pm

» Sri Lanka’s 213 billion rupee money printing to repay foreign debt: Treasury Secretary explains
by CITIZEN Mon Aug 02, 2021 11:25 am

» Oman shows interest in SLAF HQ land and Chalmer’s Granary
by dayandacool Mon Aug 02, 2021 11:03 am

» HVA FOODS PLC (HVA.N0000)
by prabath Mon Aug 02, 2021 10:05 am

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™ » Belgian-based BIO to take 10-pct stake in Sri Lanka’s SDB Bank

Belgian-based BIO to take 10-pct stake in Sri Lanka’s SDB Bank

Go down  Message [Page 1 of 1]

samaritan


Moderator
Moderator
Belgian-based BIO to take 10-pct stake in Sri Lanka’s SDB Bank SDB-BIO

ECONOMYNEXT – Belgian Investment Company for Developing Countries NV/SA has struck a deal to take a 10 percent stake in Sri Lanka-based Sanasa Development Bank.
Publicly listed SDB is making prospectus issue of shares on the Colombo Stock Exchange to sell 68 million new shares at 51.50 rupees per share and sell a further 20 million if the first tranche is oversubscribed.
On July 09, SDB had inked an investment agreement with BIO to allocate share up to 10 percent of the Bank after the share issue.
Belgian Investment Company for Developing Countries will subscribe to 17,957,700 new shares at 51.50 rupees to invest 924,821,550 rupees, subject to limits set in Sri Lanka’s Banking Act, SDB said in a stock exchange filing.
BIO will subscribe to 20 percent of the 88 million share issue as a ‘cornerstone’ investor, which will have preferential allocation.
NDB Investment Bank is the financial advisor and manager to the transaction.
BIO is an investment company set up in December 9, 2001 in Belgium with offices at at Boulevard Bisschoffsheimlaan 15, 1000 Brussels with registration number of BCE 476 286 331.
The development lender is fully owned and funded by the government of Belgium and is a member of European Development Finance Institutions which supports the private sector in developing countries.
The aforesaid equity investment to be made by BIO via the SPO is in addition to the investment made by

In 2019 BIO had invested 8 million US dollars in unlisted subordinated term debt to in expand Tier 2 capital of SDB Bank. (Colombo/July12/2021)

https://economynext.com/belgian-based-bio-to-take-10-pct-stake-in-sri-lankas-sdb-bank-83960/


_________________




The biggest risk in life is not taking any risk at all.

Back to top  Message [Page 1 of 1]

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