Thursday, 5 September 2013 01:03
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Softlogic Holdings PLC’s (SHL) Rs. 1 billion debenture has been successfully oversubscribed yesterday.
The issue comprised five million rated unsecured redeemable three-year debentures at Rs. 100 each with an option to raise an equal amount in the event of an oversubscription of the original amount. SHL is to use the debenture proceeds to refinance short-term debt, which will improve its liquidity profile. Fitch Ratings Lanka assigned the debentures a rating of A-(lka)/Stable.
