Hatton National Bank PLC will be allotted 60% of the debentures of the Rs 1.5 billion debenture issue of Singer (Sri Lanka) PLC.
This follows Singer ( Sri Lanka) PLC issue of 10 million Listed, Rated, Unsecured and Redeemable Senior Debentures of Rs 100 each, with an option of going to issue a further Rs 5 million debentures in the event of an oversubscription.
Of the remaining debentures, up to 100,000 of the balance applications, 100 % of the applied value would be allotted.
For over 100,000 of the balance applications, a minimum allotment of 100,000 debentures will be allotted and the balance debentures applied for would be allotted on a pro rata basis, rounded to the nearest 100. Any residues would be adjusted from the largest applicant.
www.ceylontoday.lk
This follows Singer ( Sri Lanka) PLC issue of 10 million Listed, Rated, Unsecured and Redeemable Senior Debentures of Rs 100 each, with an option of going to issue a further Rs 5 million debentures in the event of an oversubscription.
Of the remaining debentures, up to 100,000 of the balance applications, 100 % of the applied value would be allotted.
For over 100,000 of the balance applications, a minimum allotment of 100,000 debentures will be allotted and the balance debentures applied for would be allotted on a pro rata basis, rounded to the nearest 100. Any residues would be adjusted from the largest applicant.
www.ceylontoday.lk
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