Rs.6 bn PLC debenture issue oversubscribed

19 March 2013 12:06 pm Views - 2985

The Rs.6 billion listed debenture issue by People’s Leasing & Finance PLC (PLC), a unit of state-owned People’s Bank was oversubscribed yesterday—the opening day of the issue.

 The Co-Manager to the issue, Taprobane Wealth Plus, a unit of Taprobane Holdings PLC and Investrust Capital said the high demand for the issue witnessed the oversubscription of both the Rs.3 billion initial tranche and the balance tranche of Rs.3 billion on the opening day of the issue. The debentures were issued at a par value of Rs.100.