2) Credit Enhancement Facility for Private Enterprises
Objectives
Development of the debt securities market in Sri Lanka
Expansion of capacity and upgrading of technology in qualified enterprises
Qualified
Enterprises A
private sector enterprise with total fixed
assets at book value (excluding land and
buildings) not less than Rs 10Mn (before
the facility), which is engaged or intends
to engage in the establishment, expansion,
balancing and modernization of technology.
Types
of Securities
Unlisted
debentures (restricted 25% of funds)
Listed
debentures
Lending
Terms
Rate
of Interest
-
Fixed
or variable
Maturity
-
At
least 2 years and up to 8 years
Maximum
Facility
-
Rs
350Mn
Minimum
Facility
-
Rs
7Mn
Special
Terms
Obtain
a listing on the CSE within 18 months of the
issue of securities
Securities
to be "Rated", "Guaranteed by DFCC" or as
per other listing rules by CSE
Offer
to the public a minimum of 50%
Services
Provided by DFCC Bank
Subscribe
to unlisted debentures during project implementation
