Ceylon Finance Today: BRAC Lanka Finance plc has obtained loans totalling
Rs 4.097 billion from its parent company the LOLC Group as well as from its sister company Lanka Orix Factors Ltd., the Colombo Stock Exchange was informed by LOLC on Thursday (22 October, 2015). These comprised Rs 957, 317,006 from its parent and
Rs 3.14 billion from its sister company Lanka Orix Factors.
The loans carried borrowing charges of AWPLR plus 4.5% and 13.5% respectively. These were to meet BRAC's working capital requirements. The AWPLR as at 2 October, 2015 was 7.04%, according to Central Bank of Sri Lanka (CBSL) The AWPLR as at 30 September, 2015 was not immediately known. BRAC is a financial sérvices company. (PGA)
Rs 4.097 billion from its parent company the LOLC Group as well as from its sister company Lanka Orix Factors Ltd., the Colombo Stock Exchange was informed by LOLC on Thursday (22 October, 2015). These comprised Rs 957, 317,006 from its parent and
Rs 3.14 billion from its sister company Lanka Orix Factors.
The loans carried borrowing charges of AWPLR plus 4.5% and 13.5% respectively. These were to meet BRAC's working capital requirements. The AWPLR as at 2 October, 2015 was 7.04%, according to Central Bank of Sri Lanka (CBSL) The AWPLR as at 30 September, 2015 was not immediately known. BRAC is a financial sérvices company. (PGA)
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