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S.K. Wickremasinghe new Chairman at Senkadagala Finance The Bottom Line |
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Irudina(Sinhala), October 5, 2008 |
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SFCL donates Rs 10mn for a public swimming pool in Kandy Business Today, September 2008 |
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Lakbima(Sinhala), September 2, 2008 |
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Divaina(Sinhala), August 30, 2008 |
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SFCL makes significant contribution to building of swimming pool in Kandy- Sunday Island, August 24, 2008 |
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Senkadagala Finance in major CSR project The Island, August 22, 2008 |
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Senkadagala Finance helps build swimming pool in Kandy The Sunday Times, August 17, 2008 |
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SFCL makes significant contribution to building of swimming pool in Kandy Daily Mirror, August 14, 2008 |
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SFCL makes significant contribution to building of swimming pool in Kandy The Bottom Line, August 13, 2008 |
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SFCL makes significant contribution to building of swimming pool in Kandy Daily Mirror, August 13, 2008 |
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Senkadagala donates Rs.10m Daily News, August 13, 2008 |
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Senkadagala Finance makes significant contribution to building of swimming pool in Kandy The Colombo Post, August 11, 2008 |
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S.K. Wickremasinghe chairs Senkadagala Finance Company Business Today, April 2008 |
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The Sudar Oli(Tamil), April 25, 2008 |
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Irudina(Sinhala), April 20, 2008 |
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Thinakaran Vaaramanjari(Tamil), April 13, 2008 |
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Lakbima(Sinhala), April 13, 2008 |
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Thinakkural(Tamil), April 8, 2008
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Divaina(Sinhala), April 8, 2008 |
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S.K. Wickremasighe takes over Senkadagala Finance Lakbima news, April 6, 2008 |
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Virakesari(Tamil), April 4, 2008 |
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Wickremasinghe to lead Senkadagala Finance towards success Daily News, April 03, 2008 |
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SK to head Senkadagala Business Standard, April 3, 2008 |
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S.K. Wickremasinghe, Chairman of Senkadagala Finance Company Sunday Island, March 30, 2008 |
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New Chairman of Senkadagala Finance Company Sunday Observer, March 30, 2008 |
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New Chairman at Senkadagala Finance The Sunday Times, March 30, 2008 |
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SFCL chairman The Sunday Leader, March 30, 2008 |
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S.K. Wickremasinghe new Chairman at Senkadagala Finance Company Daily Mirror, March 29, 2008 |
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New Chairman of Senkadagala Finance The Island, Financial Review, March 27, 2008 |
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New Chairman of Senkadagala Finance Daily News, March 27, 2008 |
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New Chairman for Senkadagala Finance Company The Colombo Post, March 24, 2008 |
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Lanka Rating reaffirms A3/L2 - Daily Mirror. January 7, 2007 |
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Senkadagala improves annual performance by over 100% - Business Standard, August 4, 2006 |
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Senkadagala annual performance up by 100% - Daily news, August 2, 2006 |
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Senkadagala faces future with confidence - The Morning Leader, August 2, 2006 |
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Senkadagala improves annual performance by over 100% - Daily Mirror, August 1, 2006 |
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Ratings report of SFCL from Lanka Rating Agency- December 2005 |
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Press article on Debenture Issue Daily Mirror, Friday September 2 2005 |
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Fitch Ratings report on Debenture issue- 15 August 2005 |
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Investec press release |
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Information on
Debenture Issue |
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Fitch Ratings reports- 11 APR 2005 |
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Best Annual report Award for excellence |
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Expansion of Branch Network |
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Fitch Ratings Press Release - Colombo, July 05, 2004 |
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SL BBB + for Senkadagala Finance - Monday, 29 December 2003 |
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SLBBB for Senkadagala Finance - Tuesday, 17 December 2002 |
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S.K. Wickremasinghe new Chairman at Senkadagala Finance The Bottom Line
Irudina(Sinhala), October 5, 2008
SFCL donates Rs 10mn for a public swimming pool in Kandy Business Today, September 2008
Lakbima(Sinhala), September 2, 2008
Divaina(Sinhala), August 30, 2008
SFCL makes significant contribution to building of swimming pool in Kandy- Sunday Island, August 24, 2008
Senkadagala Finance in major CSR project The Island, August 22, 2008
Senkadagala Finance helps build swimming pool in Kandy The Sunday Times, August 17, 2008
SFCL makes significant contribution to building of swimming pool in Kandy Daily Mirror, August 14, 2008
SFCL makes significant contribution to building of swimming pool in Kandy The Bottom Line, August 13, 2008
SFCL makes significant contribution to building of swimming pool in Kandy Daily Mirror, August 13, 2008
Senkadagala donates Rs.10m Daily News, August 13, 2008
Senkadagala Finance makes significant contribution to building of swimming pool in Kandy The Colombo Post, August 11, 2008
S.K. Wickremasinghe chairs Senkadagala Finance Company Business Today, April 2008
The Sudar Oli(Tamil), April 25, 2008
Irudina(Sinhala), April 20, 2008
Thinakaran Vaaramanjari(Tamil), April 13, 2008
Lakbima(Sinhala), April 13, 2008
Thinakkural(Tamil), April 8, 2008
Divaina(Sinhala), April 8, 2008
S.K. Wickremasighe takes over Senkadagala Finance Lakbima news, April 6, 2008
Virakesari(Tamil), April 4, 2008
Wickremasinghe to lead Senkadagala Finance towards success Daily News, April 03, 2008
SK to head Senkadagala Business Standard, April 3, 2008
S.K. Wickremasinghe, Chairman of Senkadagala Finance Company Sunday Island, March 30, 2008
New Chairman of Senkadagala Finance Company Sunday Observer, March 30, 2008
New Chairman at Senkadagala Finance The Sunday Times, March 30, 2008
SFCL chairman The Sunday Leader, March 30, 2008
S.K. Wickremasinghe new Chairman at Senkadagala Finance Company Daily Mirror, March 29, 2008
New Chairman of Senkadagala Finance The Island, Financial Review, March 27, 2008
New Chairman of Senkadagala Finance Daily News, March 27, 2008
New Chairman for Senkadagala Finance Company The Colombo Post, March 24, 2008
Lanka Rating reaffirms A3/L2 - Daily Mirror. January 7, 2007
Senkadagala improves annual performance by over 100% - Business Standard, August 4, 2006
Senkadagala annual performance up by 100% - Daily news, August 2, 2006
Senkadagala faces future with confidence - The Morning Leader, August 2, 2006
Senkadagala improves annual performance by over 100% - Daily Mirror, August 1, 2006
Rating report of SFCL from Lanka Rating Agency- December 2005
SENKADAGALA FINANCE COMPANY LIMITED – Initial Rating
LRA has assigned a long-term financial institution rating of A3 with a stable outlook and a short-term rating of L2 to Senkadagala Finance Company Limited (“Senkadagala” or “the Company”). The ratings reflect Senkadagala’s commendable asset quality, above-average profitability, satisfactory liquidity and sturdy capitalisation. Click here to read the full report
Press article on Debenture Issue Daily Mirror, Friday September 2 2005
Fixed and Floating Rate Options for Debt Instrument first to be listed on CSE's DEX- 2 September 2005
The Senkadagala Finance Company Ltd. (SFC) said on Tuesday that it will issue Rs.250 million worth of listed debentures to the public.
These debentures will offer a fixed rate option at 14 percent per annum or floating option of 2.75 percent above the three month Treasury Bill net rate.
Click here to read the full article
Fitch Ratings report on Debenture issue- 15 August 2005
Fitch Ratings Lanka Assigns BBB+ (sri) Rating to Senkadagala Finance Company Ltd’s Unsecured Redeemable Debentures - 2005/2009
Fitch Ratings Lanka Limited, Colombo - August 15, 2005: Fitch Ratings Lanka Ltd (“FRL”) assigns a ‘BBB+ (sri)’ national rating for the proposed public issue of LKR250m of 2005/2009 Unsecured Redeemable Debentures of Senkadagala Finance Company Ltd (“SFC”). The debentures would be listed on the Colombo Stock Exchange.
In terms of priority, the debentures will be subordinated to the secured debt obligations of the company, but will rank on par with depositors. Consequently, and in accordance with FRL’s criteria, the rating assigned for the Debentures is on par with SFC’s implied senior debt rating of ‘BBB+(sri)’.
Investec press release
Investment Grade Rated Senkadagala Finance Successfully Completes True Sale Securitization - Colombo , June, 2005:
Senkadagala Finance Co. Ltd (SFCL), the only investment grade rated Finance Company in Sri Lanka announced the successful private placement of Secured Redeemable Debenture Certificates of approx. Rs.150 million secured through their hire purchase receivable portfolio. Click here to view complete press release
Information on Debenture Issue
Applications processed as at 1.00 p.m.on 14th September 2005
No. of applications received - 63
Total number of Debentures subscribed -
2,556,500
Value of Debenture - Rs.
255,650,000
/=
Basis of allotment
Investors who have subscribed for Rs. 75 Million worth of Debentures or less would get the total amount.
Investors who have subscribed for over Rs. 75 Million worth of Debentures would receive Debentures on a pro rata basis.
Name of the instrument
Type A':
Fixed Interest Rate of Fourteen Percent (14%) p.a payable annually on the Principal Sum of Debentures from the Date of Allotment until the expiry of three years and 60% of the Principal Sum of Debentures will be redeemed with the interest payment in the third year. Fixed Interest Rate of Fourteen Percent (14%) p.a payable annually on and along with the balance 40% of the Principal Sum of Debentures at the end of fourth year. The tenor of the Debenture will be 4 years.
Type B':
Floating Rate of 03 months Treasury Bill (Net Rate) + 275 b.p. p.a. with a Floor of Ten Percent (10.00%) and a Cap of Fifteen Percent (15.00%) payable quarterly on the Principal Sum of Debentures from the Date of Allotment until the expiry of three years and 60% of the Principal Sum of Debentures will be redeemed with the fourth quarter interest payment in the third year. Floating rate of 3 month Treasury Bill (Net Rate) + 275 b.p. p.a. with a Floor of Ten Percent (10.00%) and a Cap of Fifteen Percent (15.00%) payment quarterly on the balance 40% of the Principal Sum of Debentures thereafter until the expiry of the Debenture Issue and the balance 40% of the Principal Sum of Debentures will be paid along with the fourth quarterly interest payment in the fourth year. The tenor of the Debentures will be 4 years.
Rating:
An Instrumental Rating of BBB+ (Sri) by Fitch Ratings Lanka Limited.
BBB+ (Sri) long-term rating indicates that there is currently a low expectation of credit risk. The capacity of timely payment of financial commitments is considered adequate, but adverse changes in circumstances and in economic conditions are more likely to impair this capacity.
Amount to be raised:
The total cumulative value amount to be raised shall be Rupees Two Hundred and Fifty Million (Rs. 250,000,000/-).
Value of a Debenture:
All categories of Debenture will have a par value of Rupees One Hundred (Rs. 100/-)
Minimum Subscription:
Rupees Ten Thousand (Rs 10,000/-) (i.e. 100 Debentures of Rs. 100/- each from any category of Debenture)
Investment exceeding the minimum subscription:
In multiples of Rupees Thousand (Rs 1,000/-) (i.e. In multiples of 10 Debentures of Rs. 100/- each for any category of Debenture)
Opening date:
31 st of August 2005. However, investors may apply prior to this date.
Closing date:
On or before 20 th of September 2005 (open for 14 Market Days). However, in the event of an over subscription, the subscription list will close at 4.30 p.m. on the same day on which the issue is fully subscribed, in consultation and agreement with the CSE.
Copies of the Prospectus and the Debenture Application Forms may be obtained free of charge from the following:
1) Manages and Sponsors |
2) Registrars |
3) From Any Senkadagala Finance Branch |
| Capital Alliance Holdings Limited |
SSP Corporate Services (Pvt) Limited |
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| Level 5, Millennium House |
546, Galle Road , Colombo 3 |
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| Nawam Mawatha, Colombo 2 |
Telephone: 2573485 |
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| Telephone: 2317777 |
Fax: 2573037 |
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| Fax: 2317788 |
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4) All Colombo Stock Exchange Broker Firms |
5) Commercial Bank of Ceylon Limited All Branches |
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The main objective of Issue is to enhance SFCL’s
long term fund base to finance the future expansion
of its leasing portfolio.
In addition to the above, this Debenture Issue
will afford the public an opportunity to participate
in an alternate fixed income investment. This
will contribute to the development of the debt
securities market in Sri Lanka, which has been
identified as an area for development by the
Government of Sri Lanka.
This issue will also facilitate the admission
of a maximum of Two Million and Five Hundred
Thousand (2,500,000) Debentures to the official
list of the CSE.
Fitch Ratings reports - 11 APR 2005
Fitch Rating Press Release - 11 APR 2005
Colombo (April 11, 2005) Fitch Ratings Lanka Ltd (FRL) has re-affirmed the BBB+ (sri) national credit rating assigned to the Implied Long-term unsecured Senior Debt of Senkadagala Finance Company Ltd(SF).
The BBB+(sri) rating denotes that there is currently a low expectation of credit risk. The capacity for timely payment of financial commitments is considered adequate, but adverse changes in economic circumstances and in economic conditions are more likely to impair this capacity.Click here to view complete press release
Fitch Rating Financial Statement - 11 APR 2005
Senkadagala Finance Company’s (SF) rating reflects its strong asset quality, healthy profitability, and the high capitalisation.
SF experienced relatively high portfolio growth supported by its branch expansion programme. The portfolio grew by 62% during FYE 2004 on the back of the high 93% growth recorded in FYE 2003. The growth momentum has been sustained during the first nine months of FYE 2005, with the portfolio expanding by 33%. Click here to view complete report
Best Annual report Award for excellence
Senkadagala Finance for the first time won
the best annual report for excellence in the
finance company category for the year 2003/2004
conducted by the Institute of Chartered Accountants
of Sri Lanka.
Click on the image to enlarge
Expansion of Branch
Network
During this year Senkadagala Finance want to
further expand their branch network that will
include as many as eleven branches asserting
their presence across the island by literally
encircling their target markets. Four new branches
were opened during the year 2004/2005 in Nugegoda,
Panadura, Wattala and Galle to meet the increased
demand for loanable funds in the area.
In addition to the eight branches currently
in operation, the company has earmarked locations
for three more additional branches namely Gampaha,
Matara and Anuradhapura . The company is expecting
to increase its branch network up to fifteen
by end of 2006.
Click
here to read more on branches
Fitch Ratings Press Release - Colombo, July 05, 2004
Fitch Ratings Lanka Ltd assigns in-principle A (sri) National Long-Term Credit rating to the Lease Backed Trust Certificates (LBTC) to be issued by Senkadagala Finance Trust Three.
Read more....
SL BBB + for Senkadagala Finance - Monday,
29 December 2003
Fitch Ratings Lanka Ltd (FRL) has upgraded
the national credit rating assigned to the Implied
Long-term unsecured Senior Debt of Senkadagala
Finance Company Ltd. (SF) to SL BBB+
Read
More...
SLBBB for Senkadagala
Finance - Tuesday, 17 December 2002
Fitch Ratings Lanka Ltd (FRL) has affirmed the
SL BBB national rating for the Implied Long-term
unsecured Senior Debt of Senkadagala Finance
Company Ltd. (SF)
Read
More...
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