Sri Lanka, Oct. 29 -- Alliance Finance Company PLC plans to raise up to 1 billion rupees through an issuance of senior, gender-responsive, orange-labeled bonds, the company said in a stock exchange filing. The finance company will issue up to 10 million listed, rated, unsecured, redeemable bonds at a par value of 100 rupees each.
"Proceeds will be allocated across eligible social project categories, including MSME Value Chain Financing, MSME Climate Financing and Micro Finance with ring-fenced targets directed towards women-led enterprises and female beneficiaries," the company said in a regulatory filing.
The bonds will have a tenor of three years, with capital repayment structured as a bullet payment at maturity. The issuance will move ...