CDS account holders can now apply for the Debentures Issued by People’s Leasing and Finance PLC, For an initial issue to raise Sri Lankan Rupees Four Billion (LKR 4,000,000,000), by way of issuing Senior Unsecured Listed Redeemable Rated Three Year (2021/2024) & Five Year (2021/2026) debentures at a par value of LKR100/- each, with an option to raise up to a further Sri Lankan Rupees Six Billion (LKR 6,000,000,000) at the discretion of the Company in the event of an oversubscription of the initial issue, totaling to Sri Lankan Rupees Ten Billion (LKR 10,000,000,000/-)
Details of the issued debentures are as follows. More information can be obtained from the Prospectus.
|Type||Tenure||Issue price per debenture (lkr)||Redemption price (lkr)||Basis||Interest payment frequency||Rate|
|A||3 Years||100.00||100||FIXED||Annual||8.00% p.a|
|B||3 Years||79.38||100||ZERO COUPON||At Maturity||At an AER of 8.00%p.a. calculated on the basis of annual compounding on the Issue Price payable, on the Date of Redemption|
|C||5 Years||100.00||100||FIXED||Annual||9.00% p.a|
|D||5 Years||64.99||100||ZERO COUPON||At Maturity||At an AER of 9.00% p.a. calculated on the basis of annual compounding on the Issue Price payable, on the Date of Redemption|
Please contact the Registrars to the Issue “Corporate Solutions Unit of the Central Depository Systems (Pvt) Limited” on mobile Nos. 0789044094, 0740772177, 0718712676 & 0725935301 for any assistance.
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