LOLC Holdings PLC announced it has decided to increase the issue size of its proposed debenture issue from Rs. 65 million to up to Rs. 100 million listed, rated, unsecured, senior, redeemable debentures amounting to Rs. 10 billion.
The company noted this yesterday (1) in a disclosure to the Colombo Stock Exchange (CSE).
In the financial year 2019/2020, LOLC Holdings recorded a marginal increase in Profit After Tax (PAT) to reach Rs. 19.8 billion, compared to Rs. 19.64 billion in the previous year. According to the company’s 209/2020 annual report, 80% of the company’s Profit Before Tax (PBT) was derived from overseas investments.
Besides a range of financial products and services, its portfolio includes leisure, plantations, agri-inputs, renewable energy, construction, manufacturing and trading, and other strategic investments. LOLC also has financial services investments in Cambodia, Myanmar, Pakistan, Indonesia, the Philippines, Nigeria, and Zambia; business operations in Maldives and Sierra Leone, as well as corporate offices in Singapore, the UAE, and Mauritius.
LOLC increases debenture issue size
02 Feb 2021
LOLC increases debenture issue size
02 Feb 2021