Fitch Ratings has assigned Sri Lanka-based People’s Leasing & Finance PLC’s (PLC, A+(lka)/Stable) proposed senior unsecured
debentures a final National Long-Term Rating of ‘A+(lka)’.
The size of the issuance has been increased to as much as LKR10 billion from LKR 8 billion.
The debentures, which will have tenors of three and five years and carry fixed and zero coupons, will be listed on the Colombo Stock Exchange. PLC expects
to use the proceeds to expand its lending portfolio.
The final rating is the same as the expected rating assigned on 18 June 2021, and follows the receipt of documents conforming to information already received.
0 comments: