Singer Rs. 2 b debenture issue through

Friday, 11 March 2016 00:00 - - {{hitsCtrl.values.hits}}

Singer Sri Lanka Plc’s Rs. 2 billion debenture issue has been oversubscribed on its official opening day, which was yesterday.

The company offered one million rated unsecured senior redeemable debentures at Rs. 100 each with an option to issue an equal amount of debentures in the event of an oversubscription of the original figure.

Singer said as at 4:30 p.m. it had received applications for over Rs. 2 billion and the issue was closed thereafter.

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