Colombo Stock Exchange (CSE) announced that Rs.5.0bn debentures of DFCC Bank (DFCC) will be listed on 02 September 2014 on the Debt Securities Main Board of the CSE.
Debenture description is as follows:
DFCC/BC/18/08/17A8.5 - Three year Fixed Rate Debentures (8.5%) payable annually
DFCC/BC/18/08/17B8.33 - Three year Fixed Rate Debentures (8.33%) payable semi-annually
DFCC/BC/18/08/17C8.24 - Three year Fixed Rate Debentures (8.24%) payable quarterly
CSE announced the details pertaining to the first tranche of the private placement of shares, carried out by Nation Lanka Finance (CSF). Rs.8.3mn was raised through the placement whilst 1.2mn shares were allotted and listed at Rs.6.85 per share. Shares were listed on the CSE on 01 September 2014
Commercial Bank of Ceylon (COMB) announced that it purchased the entirety of shares of Indra Finance Ltd represented by 21.6mn ordinary shares for a purchase consideration of Rs.870mn.
Laugfs Gas (LGL) announced that in order to venture into the business of international shipping, Logistics & Maritime Services, LGL has incorporated a fully owned subsidiary, Laugfs Maritime Services (Pvt) Ltd (LMS) as a BOI approved project. LMS will own, operate, hire and charter various types and sizes of ships including LPG vessel sand other type of vessel ssthat can carry various energy products. Furthermore, LGL stated that a Memorandum of Agreement is signed to purchase Liquid Petroleum Gas (LPG) Vessel, ‘Gas Puffer’ and to be re-named as ‘Gas Challenger’. The intial investment for the purchase is ~US$6.9mn.
Renuka Shaw Wallace (COCO) announced that its Board of Directors resolved to change the company name from ‘Renuka Shaw Wallace’ to ‘Renuka Agri Foods’.