Kotagala Plantations in Sri Lanka, to sell billion rupees of debt

May 12, 2014 (LBO) – Sri Lanka’s Kotagala Plantations, has been given the nod to sell up to a billion rupees in debt, the Colombo Stock Exchange said. The investment banking unit of People’s Bank will manage the sale. The firm will offer 5 million secured rated debt securities of 100 rupees each and another 5 million if the first tranche is oversubscribed.