Vallibel Finance PLC announced yesterday that applications for the debenture issue worth Rs. 750,000,000 (7.5 million) have been oversubscribed and closed. The company is on the works to issue further debentures.
Vallibel Finance planned to raise Rs.1 Billion via the issuance of a listed debenture. The company issued 7.5 million Rated, Guaranteed (Capital and 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 oversubscription.
Financial advisors and managers to the issue is Acuity Partners (Private) Limited. Vallibel Finance was rebranded in 2005 after their acquisition by Vallibel Group and was backed by the prestige of their parent holding group, Vallibel Finance PLC. Vallibel Finance has followed an aggressive expansion strategy in 2011 and in time, the company was ranked amongst the top 50 most respected entities in the country by LMD in its 2014 survey. (SP)
www.dailynews.lk
Vallibel Finance planned to raise Rs.1 Billion via the issuance of a listed debenture. The company issued 7.5 million Rated, Guaranteed (Capital and 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 oversubscription.
Financial advisors and managers to the issue is Acuity Partners (Private) Limited. Vallibel Finance was rebranded in 2005 after their acquisition by Vallibel Group and was backed by the prestige of their parent holding group, Vallibel Finance PLC. Vallibel Finance has followed an aggressive expansion strategy in 2011 and in time, the company was ranked amongst the top 50 most respected entities in the country by LMD in its 2014 survey. (SP)
www.dailynews.lk
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