Today 6th July 2011, the Lanka ORIX Leasing Company PLC will issue
|Unsecured listed Debentures||Rs.1.0 Billion|
|Unlisted Debenture||Rs.500 Million|
The Managers of the issue will be First Capital Limited and the Trustee will be Bank of Ceylon.
These Senior, Unsecured, Redeemable, Rated Debentures will be tenures of 4 and 5 years and will carry semi Annual Interest coupons of 11.70% and 11.90% respectively.
The funds rise will be utilized for retire part of the Companies short term Debts.