LOLC Sukuk 2028
LKRSUKUK · MurabahaSukuk · LOLC Holdings · PREVIEW
01 / Key TermsAS OF CSE · PREVIEW
Yield to Maturity
13.20%
Clean Price
99.30
% OF PAR
Profit Rate
13.00%
Spread
230 bps
Rating
A
Maturity
31 Aug 2028
2.4Y DURATION
02 / Details
- Issuer
- LOLC Holdings
- Instrument type
- Sukuk
- Shariah structure
- Murabaha
- Currency
- LKR
- Duration
- 2.4 yrs
- Amount outstanding
- LKR 12.0 bn
PREVIEW DATA · ILLUSTRATIVE TERMS · NOT INVESTMENT ADVICE
03 / Credit ViewAS OF FAS · 23 JUN 2026
OverweightTARGET SPREAD 180 bpsTARGET YIELD 11.50%
Strong carry on a short, well-rated corporate
The case
- 01
At ~13.2% to 2028 the sukuk pays a ~230bps spread over the LKR curve for an A-rated name — generous carry for the short duration.
- 02
The easing cycle pulls the whole curve lower while the short tenor caps rate risk; spread has room toward ~180bps.
- 03
Senior, profit-sharing structure ranks ahead of the equity — a credit call on the group, not a bet on its ROE.
Key risks
- — A renewed spike in local rates re-pricing the curve higher.
- — Group-level credit stress at the issuer spilling into the sukuk.
- — Thin secondary liquidity in LKR corporate paper.
— GENERATED BY FIRST ASIA SECURITIES · NOT INVESTMENT ADVICE