NDB Capital unveils four Indices
More clarity for debt market:
NDB Capital Holdings PLC in collaboration with
CRISIL Limited, India has developed Sri Lanka’s only fixed income
Indices to measure the performance of the government securities of
selected maturities. This initiative will unveil four Indices and
will cover two selected maturities each for both Treasury Bills and
Treasury Bonds. The Indices are expected to provide more clarity to
the debt capital market participants and further propagate
government securities as an attractive investment opportunity.
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Visakhapatnam Steel to set up plant in Sri Lanka
Visakhapatnam Steel Plant, (RINL) an Indian
market leader for bar and rod products in the steel market, is
looking at entering the Sri Lankan steel market. RINL, which is
backed by the Government of India, has a 35% market share in bar and
rods amongst the main and major producers of long products in India.
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Stellar performance by Orient Finance
Orient Finance PLC achieved a commendable
performance for the six month period ended 30 September 2012
recording an income of Rs.382 million as against the Rs. 221 million
income for the same period of the previous year. This is a 73%
increase over the same period last year. The Company was able to
record this performance mainly due to continued growth of its
lending portfolio and sound collection practices.
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Commercial Credit to raise Rs. 250 mn
Commercial Credit PLC, incorporated in October
1982, intends to raise Rs. 250 million through its Listed Debenture
Issue. The issue will be open in early January 2013. The company
provides financial solutions in the areas of Micro Finance, Leasing,
Hire Purchase, Short Term Loans, and Pawn Broking etc.
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