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DFCC Bank
Lending / Concessionary Lending Schemes
 
 
 
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 350 Million
  Minimum Facility -  Rs 7 Million

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
  Enable listing by "Offer for Sale"
  Manage the listing on the CSE
  Provide a guarantee if required
  Underwrite in the case of a direct listing