The company said the oversubscribed issue was closing today and the basis of allocation would be notified later.
Taprobane Wealth Plus (Pvt) Ltd that jointly managed the issue with Investrust Capital (Pvt) Ltd said it was the largest listed debenture issue so far.
PLC was a prolific issuer of securitized debt in the over the counter market. From this year, listed debt was made tax free drawing many issuers to the listed market.
Taprobane Wealth Plus (Pvt) Ltd, the corporate finance arm of the Taprobane Holdings Group said it sourced 60 percent of the orders for the debenture sale.
People's Leasing offered 4-year debentures with a coupon 16.5 percent a year, paying interest every six months. The senior debt was was rated 'AA-(lka)' by Fitch.
The 5-year debenture had a coupon of 16.75 percent every six months or 17.0 percent with a yearly coupon.