Sri Lanka Siyapatha Finance gets over a billion rupees for debentures

EconomyNext – Siyapatha Finance Limited, part of the Sampath Bank group, said it got over a billion rupees worth of applications in last week’s issue of debentures with a fixed interest of 8.9 percent payable annually.

A stock exchange filing said it received 35 applications for over 11 million debentures worth 1.1 billion rupees with only two made by bank guarantees.

Siyapatha Finance issued an initial tranche of five million debentures at a face value of 100 rupees each with the option to double it in the event of an oversubscription.
 

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