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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.
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The investment banking unit of People's Bank will manage the sale.
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The firm will offer 5 million secured rated debt securities of 100 rupees each and another 5 million if the first tranche is oversubscribed.
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