LB Finance goes for Rs. 2 b listed debenture

Wednesday, 6 November 2013 00:00 - - {{hitsCtrl.values.hits}}

LB Finance PLC aims to raise Rs. 2 billion via a listed debenture issue. The Colombo Stock Exchange (CSE) has approved in principle an application for the listing the debt securities of LB Finance on the main board. LB Finance has announced that it will issue 10 million unsecured subordinated redeemable debentures at Rs. 100 each with an option to offer a further equal amount in the event of the original figure is oversubscribed. Official opening of the debenture issue is 19 November whilst the public can subscribe from 8 November. Merchant Bank of Sri Lanka are managers to the issue.

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