Janashakthi Limited is to offer 5,000,000 rated senior unsecured redeemable debentures at Rs. 100 each with an option to issue up to a further 5,000,000 in the event of an oversubscription. Subscription list opens on 12 November 2014. First Capital Limited are the Managers to the issue while the Registrars are Business Intelligence Limited.
The debenture issue by Mercantile Investments and Finance PLC has been oversubscribed after receiving applications for over Rs. 200 million. The issue closed at 4.30 pm today (30 October) and the basis of allotment is to be notified to the Colombo Stock Exchange shortly.
Pan Asia Banking Corporation is to exercise the option to accept the further 10 million debentures in addition to the initial issue of the 20 million debentures at Rs. 100 each and to issue 30 million debentures in total. The basis of allotment of the 30 million debentures is as follows: Preferential allotment: Up to…
Fitch Ratings Lanka has affirmed Sri Lanka-based Nations Trust Bank PLC’s (NTB) National Long-Term Rating at ‘A(lka)’. The Outlook is Stable. Fitch has also affirmed NTB’s subordinated debt at ‘A-(lka)’ and assigned an expected rating of ‘A(lka)(EXP)’ to its proposed senior unsecured debentures of up to LKR3bn. The final rating on the proposed debentures is…
Sri Lanka has slid from its earlier ranking at 85 to the current ranking of 99 in the World Bank’s ‘Doing Business’ index which categorises the most suitable countries to do business with. In this index prepared including 189 countries, the World Bank has said that it takes around four years for judiciary to legally…
Singapore has been ranked the best country to do business for a ninth consecutive year, according to an annual survey by the World Bank. New Zealand came second and Hong Kong third in the lender’s “Doing Business” report which rates 189 nations by the ease in which firms can operate there. The UK moved up…
Colombo bourse witnessed notable returns on Wednesday where main index advanced for the fifth consecutive day. ASI index bagged 38.78 index points or 0.54% to end at 7,265.90 while S&P SL20 index gained 21.33 index points (+0.53%) to close at 4,029.43. Price inclines in counters such as Lanka IOC, Lanka Orix Leasing Company & Hatton…
It has come to light that since the prices of motorcars and vans face a reduction according to the 2015 Budget proposals, vehicle importing companies have begun discussions with the government to urge for concessions on vehicles imported under the earlier duty system and hence they are yet to reduce the prices of motorcars and…
The first ever Global Rubber Confab to take place in Sri Lanka went live in Colombo on 28 October morning with the host Sri Lanka vowing to become a ‘polymer hub’-with none other than the World Bank Washington praising the move. “By supplying both natural and synthetic rubber in parallel, there is a good possibility…
Market closed in opposite directions on Tuesday as core index gained 6.04 points or 0.08% to end at 7,227.12 while S&P SL 20 index lost 6.12 points or 0.15% to end at 4,008.10. Price improvements in counters such as Ceylon Tobacco (closed at LKR 1,150.00, +1.1%), Ceylon Cold Stores (closed at LKR 265.00, +6.3%) and…
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