Softlogic Finance in Rs. 1.4 b deal with GuarantCo

Monday, 23 December 2013 00:49 - - {{hitsCtrl.values.hits}}

Softlogic Finance PLC is pleased to announce that it has signed an agreement with GuarantCo, who will provide a guarantee that will enhance the issuance of Softlogic Finance Debentures in an amount of Rs. 1.4 billion.

The Softlogic Finance Debenture issuance that will carry the strength of GuarantCo is expected to be rated AAA and will probably be the first Triple A Debt Issuance in Sri Lanka. The transaction will be viewed by many as a groundbreaking event, not only as a result of the AAA rating given to the issue, but also due to it paving way towards more foreign participation in providing alternative solutions to developing the debt capital market in the country.