Sri Lanka Siyapatha Finance debentures snapped up

EconomyNext – A 500 million-rupee debenture issue by Siyapatha Finance Limited with a fixed interest of 8.9 percent payable annually was oversubscribed on the opening day Thursday, a stock exchange filing said.

The five-year debentures were rated A- (lka) by Fitch Ratings Lanka Limited.

Siyapatha Finance, part of the Sampath Bank group, issued five million debentures at a face value of 100 rupees each with the option to double it in the event of an oversubscription.

NDB Investment Bank acted as the financial advisors and managers to the debenture issue.
 

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