Vallibel Finance plans to raise Rs. 500 mn via a debt issue

Sri Lanka based Vallibel Finance is planning to raise up to Rs. 500 million via a debenture issue, which will be the first listed debt issue on the CSE during the year 2014.

The issue would be opened for subscription on the 11th of February.

Initially the firm is planning to issue 2,500,000 Unsecured, Subordinated, redeemable debentures at an issue price of 100, each.

The issue quantity would be raised by an equal amount if the first tranche gets oversubscribed.

The debts would be listed on the second board of the CSE.

Managers to the issue are Navara Capital Partners.

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