Ceylon FT: Richard Pieris and Company PLC yesterday (26) said it would issue debentures to raise Rs 3 billion, with an option to raise a further Rs 500 million.
In a stock exchange filing, the company said its board of directors had decided to issue 30 million rated, unsecured, redeemable debentures at Rs 100 each. The application in this regard has been submitted to the Colombo Stock Exchange.
The company intends to exercise an option of raising a total of Rs 3.5 billion upon over subscription of the initial offer.
The company posted a Rs 25.89 billion group profit for the nine months ended 31 December 2013, down 2% from a year ago.
Net profit fell 35% to Rs 1.11 billion.
Total assets of the group stood at Rs 32.05 billion as at end 2013, up from Rs 26.66 billion a year ago.
http://www.ceylontoday.lk/
In a stock exchange filing, the company said its board of directors had decided to issue 30 million rated, unsecured, redeemable debentures at Rs 100 each. The application in this regard has been submitted to the Colombo Stock Exchange.
The company intends to exercise an option of raising a total of Rs 3.5 billion upon over subscription of the initial offer.
The company posted a Rs 25.89 billion group profit for the nine months ended 31 December 2013, down 2% from a year ago.
Net profit fell 35% to Rs 1.11 billion.
Total assets of the group stood at Rs 32.05 billion as at end 2013, up from Rs 26.66 billion a year ago.
http://www.ceylontoday.lk/
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