ECONOMYNEXT – Sri Lanka’s L B Finance PLC will issue a hundred million senior debentures and a hundred million subordinated debentures, to raise a total of 20 billion rupees, it said in a stock exchange filing. Both type of debentures will be 100 rupees each. 50,000,000 listed, rated, senior, unsecured, redeemable debentures will be issued, the finance company said, with an option to issue a further 30,000,000 in the event of an oversubscription of the initial issue, and another 20,000,000 if there’s an oversubscription of the second tranche. 50,000,000 listed, rated, subordinated, unsecured, redeemable debentures will be issued, an if…
Sri Lanka’s L B Finance to raise upto Rs20bn in dual-tranche debenture sale
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