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Fully subscribed Rights Issue of Prime Finance bolsters its core capital

Prime Finance PLC, a member of the Prime Group, announced that it raised capital of Rs. 526.68 million following the successful conclusion of its fully subscribed Rights Issue in December 2020.

The Company is assigned with an issuer rating of [SL] BBB- (Pronounced SL triple B minus) with a stable outlook by ICRA Lanka Limited, subsidiary of ICRA Limited, a group Company of Moody’s Investors Service.

Prime Finance PLC is a member of Prime Group, the market leader in Real Estate Business in Sri Lanka who was awarded the ‘Best Developer’ award at the Property Guru Asia Property Awards (Sri Lanka) in 2018.

Continue reading at: bizenglish.adaderana.lk/fully-subscribed-rights-issue-of-prime-finance-bolsters-its-core-capital/

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