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Sri Lanka’s Hayleys debenture subscribed

July 02, 2013 (LBO) - A debenture offer by Sri Lanka's Hayleys Plc, a diversified group has been oversubscribed with more than 2.

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0 billion rupees in applications, the registrars said.

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Hayleys offered 1.5 billion rupees of debentures and a further 500 million rupees if the first tranche was oversubscribed.

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The sale is managed by NDB Investment Bank.

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The issue will close today at 4.30 pm.