Sri Lanka’s CBC Finance lists 11.5-pct debentures

ECONOMYNEXT – Sri Lanka’s CBC Finance, a unit of Commercial Bank of Ceylon, has listed 1.5 billion rupees of 11.5 percent debentures, the Colombo Stock Exchange said. CBC Finance raised 1.5 billion rupees on November 27 after its issue of 15 million listed, rated, unsecured, subordinated, redeemable debentures was oversubscribed, according to a CSE statement. The debentures carry a tenure of five years and a fixed interest rate of 11.50% p.a. payable annually. They were priced at 100 rupees each, and are rated “BBB+(lka)” by Fitch Ratings Lanka Limited. “Through this debenture issue, we encourage investors to participate in the…

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