The Financial Institution is trying to increase 5 million rupees by having an alternative to improve it with a further 2 million to increase long haul funds for growth and also to reinforce its Level II money.
The Outlined, Ranked, Unprotected, Subordinated, Redeemable Debentures within the denomination of 100 rupees may be provided in two tenures – Type-B having 10-year period and Typea having a five-year tenure, the Lender said.
(AER 12.36%) payable semi annually, as the five-year debenture will offer you a fixed-interest rate of 12.25 percent p.a. (AER 12.63%), also due semi annually.
The minimum membership per program is 100 debentures,000 rupees or 10. Programs more than the minimum membership ought to be in multiples of 100 debentures,000 rupees or 10. Get to know more at gossip lanka.
Industrial Bank’s National Long Term Score continues to be confirmed at AA (lka)/Secure by Fitch Ratings Lanka Limited. Commercial Bank of Ceylon PLC’s Investment Banking Division may be the Supervisor for the Problem.
Additional information of the debenture issue can be acquired in the prospectus about the CSE’s site www.cse.lk as well as the Bank’s site www.combank.lk and therefore are offered at all companies.
Until oversubscribed prior to the closing date the problem will shut in 14 industry days of its starting date.