Sri Lanka’s LOLC gets orders of Rs5.3bn for 9-pct bonds

Nov 22, 2014 (EconomyNext) – Sri Lanka’s Lanka Orix Leasing Company Plc, a company which has interests in finance and leasing said it had got orders of 5.33 billion rupees for its listed bond offer.

The offered to for sale Rs5.0 billion in 5-year bonds paying a 9.0 percent annual fixed rate, every quarter.

The sale opened on November 18. LOLC said it had received 65 applications.

The listed bonds are tax free.