MTD Walkers’ says they are aware of the Obligation to repay Debentures

September, 21, 2018

In a disclosure to Colombo Stock Exchange (CSE), MTD Walkers PLC said that they are aware of the obligation to repay the Type A Debentures in line with the obligations as per the debenture trust deed.

 

The disclosure was referring to a letter sent to them on 19th September 2018 at 6:20 pm. The disclosure also noted that Payment of Principal Amount and Interest of Debentures - KAPI-BD-30/09/18-CC2316-9.75 is maturing on 30th September 2018.

 

On Thursday the Colombo Stock Exchange (CSE) said that the trading of securities of MTD Walkers PLC has been halted, whilst reports noted that CSE had sought clarification from MTD Walkers PLC on debentures.

 

Recently MTD Walkers PLC was at the centre of controversy recently over as Jehan Amaratunga the Executive Deputy Chairman at MTD Walkers PLC faced allegations of securing a loan to the tune of billions whilst holding a position of Director at People’s Bank.

 

- Reporting by Devendra Francis

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