Vallibel Finance PLC is planning to raise Rs.1 Billion via the issuance of a listed debenture.
The Colombo Stock Exchange has approved in principle the company’s application for listing the debt securities.
The company will issue 7.5 million Rated, Guaranteed (Capital & Two Interest Installments) Subordinated, Redeemable debentures at Rs.100 each with an option to issue a further 2.5 million debentures in the event of the initial figure is oversubscribed.
The issue will open on 26th March 2015.
Financial advisors and managers to the issue is Acuity Partners (Private) Limited.