Suntel wants to buy back Rs 300 mn of its 750mn high yielding medium term debentures, which yield in excess of 22 percent per annum.
The wireless operator issued Rs 1 bn worth of debentures in five, six and seven year maturities yielding 22.
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00 percent, 22.25 percent and 22.5 percent.rn
rnNow Suntel wants to buy back Rs 300 mn of its Rs 1000 par debentures at a premium price of Rs. 1,270 Rs. 1,346 and Rs 1,416.rn
rnThe high yielding debentures were issued at a time when two-year treasuries were yielding in excess of 20 per cent.rn
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-LBO Newsdesk: LBOEmail@vanguardlanka.comrn
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