Dec 04, 2014 (LBO) – Sri Lanka’s Hatton National Bank (HNB) Plc.’s said the offer of 30,000,000, senior unsecured, redeemable, rated debenture oversubscribed Thursday and is closing on the same day.
The Bank offered the debt with an option to issue up to a maximum of 40,000,000 of the said debenture in the event of an over-subscription of the initial issue.
“We wish to inform you that we have received applications for over three billion rupees for the above debenture issue by Hatton National bank Plc and accordingly the initial issues has been oversubscribed.” the bank said in a stock exchange filling.
The issue closed at 4.30 pm today as per the prospects and the basis of allotment will be notified to the CSE in due course, the bank said.
The Bank offered the debt with an option to issue up to a maximum of 40,000,000 of the said debenture in the event of an over-subscription of the initial issue.
“We wish to inform you that we have received applications for over three billion rupees for the above debenture issue by Hatton National bank Plc and accordingly the initial issues has been oversubscribed.” the bank said in a stock exchange filling.
The issue closed at 4.30 pm today as per the prospects and the basis of allotment will be notified to the CSE in due course, the bank said.
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