CSE clears Rs. 1.5 b LCB Finance debt issue

Monday, 15 September 2025 03:08 - - {{hitsCtrl.values.hits}}

The Colombo Stock Exchange (CSE) has approved Lanka Credit and Business Finance PLC's (LCB Finance) Rs. 1.5 billion debenture issue. LCB Finance received in-principle approval to list Tier 2, rated, unsecured, subordinated, redeemable High-Yield Bonds on the Exchange. The company plans to issue 7.5 million Bonds priced at Rs. 100 each, with the option to double the issue in the event of oversubscription, taking the total up to Rs. 1.5 billion.Two types of Bonds will be offered. Type A carries a fixed rate of 12.60% with an annual effective rate of 13%, paying interest semi-annually. Type B carries a fixed rate of 12.41% with the same annual effective rate of 13%, paying interest quarterly. Both have a five-year tenure.The subscription list is scheduled to open shortly.