Singer Sri Lanka debentures oversubscribed

Susantha Ratnayake, Chairman, BOI formally presents the Certificate of Registration to Indra Silva, Chairman, Indra Hotels and Resorts Kandy (Pvt) Ltd

May 21, 2013 (LBO) – A 1.5 billion rupee debenture offer by Singer (Sri Lanka) Plc has been oversubscribed, registrars to the issue said. The issue will close at 4.30 pm today.

Singer offered 10 million unsecured debentures of 100 rupees each, up-sized to 15 million in the event of an over subscription.