LOLC goes for Singapore Stock Exchange listed $ 150 m bond issue

Wednesday, 10 August 2016 00:00 - - {{hitsCtrl.values.hits}}

LOLC yesterday announced plans to issue corporate notes or bonds worth Singapore Dollars 175 m or $ 150 million listed on the Singapore Stock Exchange.

The company said it has identified the issue of corporate notes/bonds under a Multicurrency Medium Term Note Program as a viable source of funding.

LOLC intends to establish the program on the Singapore Stock Exchange and issue foreign currency denominated notes/bonds for SGD 175 million or $ 150 million there under. These notes/bonds will be listed on the Singapore Stock Exchange. The proposed date of the registration of the program on the SSE was 8 August.

Notes/bonds will not be issued on this date and further disclosures will be made prior to the issue.

LOLC said these bonds/notes will not be directly or indirectly offered or sold in Sri Lanka.

LOLC has received approval from the Central Bank and the issue will take place upon receipt of approval from the SEC.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.