Page 2 - Subordinate Debt News Today

Crescat Boulevard re-opened its doors on 19 November 2021 after an extensive refurbishment in time for seasonal shopping. The newly revamped mall features sleek, enhanced interiors and fresh shopping and dining experiences within the well-loved and familiar venue in the heart of the city. “As one of the pioneering shopping malls in the city, Crescat […]

Emirates, the world’s largest international airline and Premier Partner of Expo 2020 Dubai, has launched three iconic offers this winter season for travellers visiting Dubai. Joining a host of other added-value offers for Dubai getaways during Expo 2020, Emirates looks forward to ensuring a memorable experience for visitors in one of the world’s most-loved destinations. […]

Alliance Finance Co PLC (AFC) has successfully raised LKR 1 billion in Tier II capital, with the aim of strengthening the regulatory capital of the Company to financially empower and facilitate the development of the Micro, Small and Medium enterprise sector in Sri Lanka. The Tier II Subordinated Debt has a tenure of 5 years […]

Citizens Development Business Finance PLC (CDB) has launched “CDB Advance Roof Solar”, its newest product in the green financing segment, as a sustainable financing and investment solution. With the new product, CDB ramps up efforts to incentivize customers to switch to a more sustainable approach, with the goal of increasing the adoption of sustainable practices […]

Sarvodaya Development Finance’s (SDF) Rs. 1 billion Initial Public Offering (IPO) was oversubscribed on the initial opening day. The company secretary issued the announcement of the oversubscription within two hours of the opening. Underwritten by NDB Bank and Sampath Bank, the IPO was aimed at raising Rs. 1 billion, through 45 million ordinary voting shares […]

Virtusa, a global provider of digital strategy, digital engineering, and IT services and solutions, announced Sri Lanka’s inaugural Inter-University SRE Hackathon, the first national level TechOps competition focused on Site Reliability Engineering (SRE) – an approach to IT operations that focuses on reliability, performance, latency and availability. The sprint will take place on the 26th […]

Strengthens its adhesive and sealant portfolio in the market Pidilite Lanka Private Limited (PLPL), a Joint Venture between Pidilite Industries Ltd (Pidilite) and Macbertan Holdings Ltd, announced that it has launched Araldite range of epoxy adhesives in retail market of Sri Lanka. Pidilite is a leading global manufacturer of adhesives, sealants and construction chemicals based […]

Alliance Finance Co PLC (AFC) has successfully raised LKR 1 billion in Tier II capital, with the aim of strengthening the regulatory capital of the Company to financially empower and facilitate the development of the Micro, Small and Medium enterprise sector in Sri Lanka. The Tier II Subordinate

Karnataka HC held that the response of a Bank to ts borrower made in the course of its commercial dealings is not an order of statutory authority.

The Central government has decided to extend the Credit Guarantee Scheme for Subordinate Debt (CGSSD) for six months till March 31, 2022.