Singer wins People’s Brand of the Year award

Singer Sri Lanka PLC clinched prominent awards at SLIM People’s awards2021, reiterating its dominance in the consumer durables sphere. Singer was crowned SLIM People’s Brand of the Year 2021 award for 15th consecutive timet. Forging its way to another achievement, Singer clinched the coveted SLIM People’s Durables Brand of the Year 2021 award, reaffirming its…

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Somerset Estate Betters Its Own All-time Record

Somerset Estate, Talawakelle previously achieved an all-time record price of Rs. 890 on a BOPSp grade in the Western High Grown category at the auction concluded on 24 February. Exactly a month after and almost at the end of the Dimbulla Quality Season, the Estate has bettered its own record at Sale No. 12 held…

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Singer Finance

Fitch Rates Singer Finance’s Sub-Debt ‘A-(lka)(EXP)’

Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL, A+(lka)/Stable) proposed Sri Lanka rupee-denominated subordinated unsecured debentures an expected national long-term rating of ‘A-(lka)(EXP)’. The proposed debentures are to total up to LKR2 billion with a maturity of five years and will carry fixed and floating rate coupons. Read the full article.

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Singer Finance

Singer Finance Goes for Rs. 2 b Debenture Issue

Singer Finance (Lanka) PLC has announced plans to raise Rs. 2 billion via listed debenture issue. Its Board has resolved to issue up to 20 million listed, rated, unsecured, subordinated, redeemable debentures of Rs. 100 each. The move is subject to regulatory approval. Source

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