Hatton National Bank Plc (HNB) is set to raise up to Rs12 billion through a new debenture issue, the bank announced. The debentures, compliant with Basel III regulations, will be Tier 2, listed, rated, unsecured, subordinated, redeemable, and include a non-viability conversion feature. Each debenture will be priced at Rs100. The initial issue will include
The Colombo Stock Exchange (CSE) experienced another day of poor performance, with both indices falling over 0.3% and a turnover of Rs. 629 million involving 18.7 million shares. The market’s overall sentiment remained subdued as investors awaited more clarity amidst ongoing political uncertainties. The All Share Price Index (ASPI) began the day positively, reaching an
The Colombo Stock Exchange closed with slight gains on Wednesday, according to its site data. The broader All Share Index (ASPI) edged up 0.01 percent, or 1.08 points, closing at 11,294. Meanwhile, the more liquid S&P SL20 Index fell 0.09 percent, or 2.91 points, ending at 3,223. Turnover was recorded at 320 million, marking the
On Wednesday, the Sri Lankan rupee opened unchanged at 302.10/30 against the US dollar, according to dealers. Bond yields remained steady, and the stock market saw a slight increase of 0.08 percent. The rupee had closed at 302.10/20 to the greenback on Tuesday. In the secondary bond market, yields were broadly stable. A bond maturing
The Colombo Stock Exchange closed higher on Tuesday, as indicated by data on its site. The broader All Share Index rose by 0.37 percent, or 42.09 points, closing at 11,293, while the more liquid S&P SL20 Index increased by 0.39 percent, or 12.44 points, ending at 3,226. Turnover for the day was 582 million rupees,
Sri Lanka’s rupee opened weaker at 302.30/50 to the US dollar on Tuesday, according to dealers. This marks a slight decline from Monday’s closing rate of 302.30/43. In the secondary bond market, yields remained relatively stable. A bond maturing on December 15, 2026 was quoted at 10.70/80 percent, down from 10.75/80 percent. Meanwhile, a bond
Fitch Ratings has assigned Hatton National Bank PLC (HNB, A(lka)/Stable) a final National Long-Term Rating of ‘BBB+(lka)’ for its proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures, amounting up to Rs 12 billion. This final rating aligns with the expected rating assigned on April 4, 2024, following the receipt of documents confirming previously received information.
The Colombo Stock Exchange closed lower on Monday, according to data from its site. The broader All Share Index dropped by 1.67 percent, or 191.01 points, closing at 11,251. The more liquid S&P SL20 Index declined by 2.30 percent, or 75.77 points, to close at 3,214. Turnover for the day was 863 million. “We believe
Browns Investments PLC has finalized its acquisition of Lipton Teas and Infusions’ businesses in Kenya and Rwanda, as confirmed in a disclosure to the Colombo Stock Exchange (CSE). The acquisition, executed through its fully owned subsidiary, B Commodities ME FZE, was completed on July 30, 2024. Under this acquisition, Browns Investments acquired 98.94% of shares
On Monday, the Sri Lankan rupee opened stronger at 301.90/302.10 to the US dollar, according to dealers. This improvement follows Friday’s closing rate of 302.20/302.30. In the bond market, yields have edged up slightly. The yield on a bond maturing on December 15, 2026, was quoted at 10.65/10.75 percent, up from 10.45/10.60 percent. Similarly, the