Fitch Ratings Lanka has assigned Siyapatha Finance Ltd's proposed subordinated redeemable debentures of upto Rs 1 bn an expected National Long-Term Rating of 'A-(lka)(EXP)'.
The proposed debentures will have a five-year tenor with bullet principal repayment at maturity. Coupon payments will made annually at a fixed rate. The debentures are to be listed on the Colombo Stock Exchange. SLFL expects to use the proceeds to strengthen its regulatory Tier 2 capital and to reduce maturity mismatches between assets and liabilities. The final rating is contingent on receipt of final documentation conforming to information already received.
www.dailynews.lk
The proposed debentures will have a five-year tenor with bullet principal repayment at maturity. Coupon payments will made annually at a fixed rate. The debentures are to be listed on the Colombo Stock Exchange. SLFL expects to use the proceeds to strengthen its regulatory Tier 2 capital and to reduce maturity mismatches between assets and liabilities. The final rating is contingent on receipt of final documentation conforming to information already received.
www.dailynews.lk
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