ECONOMYNEXT – Alliance Finance Firm PLC mentioned it’ll challenge listed, rated, unsecured, subordinated excessive yield bonds, to boost 1.5 billion rupees.
“The rates of interest wi1l be decided nearer to the finalization of the difficulty, based mostly on prevailing market circumstances at the moment,” Alliance Finance mentioned in a inventory trade submitting.
10 million bonds might be issued initially at 100 rupees every, with an choice to challenge one other 5 million on the firm’s discretion.
The bonds may have a tenor of 5 years.
The challenge is topic to acquiring the mandatory regulatory approvals. (Colombo/Aug28/2025)
