CEB debentures to be listed tomorrow

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Issuing a circular yesterday (3), the Colombo Stock Exchange (CSE) informed that debentures of the Ceylon Electricity Board (CEB) are to be listed tomorrow (5). 

It further stated that the assigned debenture type is an annually payable (p.a.) five-year debenture with a fixed rate of 9.35% (AER 9.35%).

On 1 April, in a press release, the CSE informed the approval of the application that the Central Bank of Sri Lanka (CBSL) had been provided in order to issue Senior Unsecured Listed Redeemable Rated Debentures for CEB. It was at an issue price of Rs. 100 amounting to an anticipated capital of Rs. 20 billion. The CSE further said that the issue was to open 8 April 2021. 

The debentures achieved a rating of AA (lka) by Fitch Ratings while CEB is rated AA-(lka) with a Stable Outlook by the same rating agency as well. 

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