Sri Lanka’s Softlogic debentures oversubscribed

Directory launched in the presence of Jagath Perera, CA Sri Lanka President, Manil Jayesinghe, CA Sri Lanka Vice President, Harsha Basnayake, Ernst & Young Asia Pacific Transaction Advisory Managing Partner, Aruni Rajakarier, Chairperson of the CA Sri Lanka Women Empowerment Committee, Anoji De Silva, Alternate Chair of the Women Empowerment Committee and Dulani Fernando, CA Sri Lanka CEO

Aug 29, 2013 (LBO) – Sri Lanka’s Softlogic Finance said a debenture offer of 500 million rupees was oversubscribed. The bond sale had attracted orders of 527 million rupees from commercial banks, institutions, development banks, institutions and retail buyers.

The firm offered bonds paying a fixed rate annually, every six months and monthly.

The sale was managed by Kenanga Investment Corporation Ltd.

Softlogic Finance has deposits of 6.8 billion rupees, and assets of 14 billion rupees.