Basel III compliant – Tier 2, Listed, Rated, Unsecured, Subordinated, Redeemable Debentures with a Non-Viability Conversion
An Initial Issue of 50,000,000 Debentures with an option to issue up to a further 30,000,000 of the said Debentures at the discretion of the Bank in the event of an oversubscription of the initial issue.
| Type | Tenure | Interest Rate | Frequency of Interest Payment | AER |
|---|---|---|---|---|
| Type A | 5 years | 15.25% p.a. | Annual | 15.25% |
| Type B | 7 years | 14.75% p.a. | Annual | 14.75% |
- Issue Price – Rs.100/- per debenture
- Rated BBB (lka) by Fitch Ratings Lanka Limited
- Will be listed on the Colombo Stock Exchange
As per CSE Listing Rules, the minimum amount of investment is LKR 10,000/- (100 debentures), except for Individual Investors for whom the minimum investment amount is LKR 5,000,000/- (50,000 debentures).
The investment and trading of these Debentures will only be limited to “Qualified Investorsâ€
Please refer to the Prospectus, contact your stockbroker or call Capital Alliance Partners Limited on +94 11 2317777 or Acuity Partners (Private) Limited on +94 11 2206206 for further details and application forms.
DFCC Bank PLC Debenture Issue opens on 5th January 2024
Relevant Documents
- Prospectus
- Application Form
- Trust deed
- Accountants Report & Five Year Summary
- Articles of Association
