Sri Lanka’s Softlogic debentures oversubscribed

Aug 29, 2013 (LBO) – Sri Lanka’s Softlogic Finance said a debenture offer of 500 million rupees was oversubscribed.

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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.

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

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