10 September 2024 01:30 am Views - 141
The Colombo Stock Exchange (CSE) yesterday announced that it has approved in principle an application for listing the debt securities of DFCC Bank.
The initial issue is of 20 million (20,000,000) senior, listed, rated, unsecured, redeemable, green three-year bonds. The bonds are offered at a par value of Rs.100 each, bearing a fixed interest rate of 12 percent p.a., payable annually (AER 12 percent). This is also with an option to issue up to a further five million (5,000,000) of the said bonds, at the discretion of the company in the event of an oversubscription of the initial issue to raise a maximum amount of Rs.2.5 billion.
The date of opening of the subscription is September 12, 2024.