05-Nov-2013 L B Finance - Debenture Issue

sriranga · 1 05-Nov-2013 L B Finance - Debenture Issue Tue Nov 05, 2013 2:19 pm

sriranga

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05-Nov-2013 L B Finance - Debenture Issue Lbf10

http://www.cse.lk/cmt/upload_cse_announcements/1161383633429_.pdf

sriranga

sriranga

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http://www.ram.com.lk/articles/1369978137.pdf

The release date of the above rating report was on 31/05/2013. Couldn't find recent updated rating from Fitch or Ram. Strange?

Redbulls · 3 Sri Lanka's LB Finance to sell Rs2.0bn in debt Tue Nov 05, 2013 3:23 pm

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Nov 05, 2013 (LBO) - Sri Lanka's LB Finance Plc, is planning to sell 2.0 billion rupees of listed debt, the Colombo Stock Exchange said.

The CSE said it had approved an application by LF Finance to offer 10 million debentures of 100 rupees each and a further 10 million if the first tranche is oversubscribed.

Subscriptions will open on November 19 with Merchant Bank of Sri Lanka is managing the debt issue.

The debt is subordinated, indicating that depositors and other senior debt holders have prior claim in the event of liquidation.

There has been a rush to sell listed debentures because they were made tax free this year.
www.lbo.lk

yaka · 4 THANK YOU "sriranga" Wed Nov 06, 2013 11:15 pm

yaka

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Hi, Re above debenture I received unofficially, the rates and type of debentures. I found you are always interested in debentures so that just messaging you. 4 Types and AER around 14.93 -15.00%. Regards, Sriranga wrote:

"

I can't explain how I felt when I see this message today.I dont know who is behind this mask but I must tell it's really impressive,outstanding. I've no idea what's the membership capacity of this forum and yet to notice such a small thing over a member it's really an extra step.

I enjoy your services here very much "SRIRANGA" & "MANY THANKS TO YOU"