Sri Lanka's Siyapatha Finance 5-year bond oversubscribed
Sep 29, 2017 16:48 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Siyapatha Finance Plc, a non-bank lender, said its listed 5-year bond issue had been oversubscribed with applications for over 10 million being received and closed on Friday.
The offer of 10 million bonds with a par value of Rs100 to raise a billion rupees opened on September 25, 2017.
The firm last week said the coupon of its bond has been raised to 12.5 percent from 12.0 percent to accommodate tax changes to government and private bonds.