Aug 25, 2014 (LBO) - Sri Lanka's Softlogic Finance said a debenture offer of 1.4 billion rupees was oversubscribed.
The bond sale had attracted orders of four billion rupees from commercial banks, insurance companies, institutional investors and retail buyers.
The firm offered bonds paying a fixed rate annually and a floating rate monthly. The Debenture issue of Softlogic Finance was made in collaboration with GuarantCo who have guaranteed the instrument that also carries a Barclays Bank guarantee as part of GuarantCo’s structure.
Softlogic Finance is a part of the Softlogic Group that has interests in Healthcare, Retail, Financial Services, ICT, Leisure, Automobiles and Restaurants.