Sri Lanka’s Richard Pieris to sell Rs3.5bn in debt

Apr 17, 2014 (LBO) – Sri Lanka’s Richard Pieris Company Ltd, has been given the nod to sell 3.5 billion rupees in debt, the Colombo Stock Exchange said. The firm will offer 30 million unsecured redeemable debentures of 100 rupees each with an option to sell a further 5 million in case the first tranche was fully taken up. Subscriptions will open on May 07.