Debenture Issue 2019

Our journey of over two decades has given us recognition as a leading financial institution in the country, renowned for our fundamentals in stability, strength, transparency, values, ethics, and sustainable business operations. Pioneering innovations to empower the future for all Sri Lankans, you can now become a part of our exciting journey with this attractive investment opportunity.

Initial issues of 5 million debentures with the option to increase by a further 5 million debentures in the event of an over subscription with a further option to issue 2.5 million debentures in the event of an over-subscription of the second tranche at a par value of LKR 100 each.

 

The Prospectus and Application Form can be downloaded here:

Above documents can also be downloaded from www.cse.lk.

For more information, please refer the prospectus or call CDB on 0112 429 800 (6847).

 

Type of Debentures

Listed, rated, subordinated, unsecured, redeemable five (05) year Debentures

Intest Rate

Type A: 15.00% p.a. (fixed) payable semi-annually (AER of 15.56%)

Type B: 15.50% p.a. (fixed) payable annually (AER of 15.50%)

Issuer Rating

[SL] BBB+ (negative) by ICRA Lanka Limited

Issue Rating

[SL] BBB (negative) by ICRA Lanka Limited

Issue Opening Date

17/01/2019

 

Managers to the issue:

 

A licensed finance Company registered under the Finance Business Act No. 42 of 2011 and a Company registered under the Finance Leasing Act No. 56 of 2000. Also a Public Limited Company registered under the Companies Act No. 17 of 1982 and re-registered under the Companies Act No. 7 of 2007.    Date of Incorporation: 07-09-1995    Company Registration No.: PB 232 PQ    Citizens Development Business Finance PLC is rated [SL]BBB+ with a negative outlook by ICRA Lanka Limited.