Sri Lanka, Oct. 1 -- Sri Lanka's People's Leasing & Finance PLC said its Rs. 10 billion debenture issue was oversubscribed, and announced the basis of allotment in a market filing.

The company initially offered 50 million listed, rated, subordinated, unsecured and redeemable debentures at Rs. 100 each.

Following the oversubscription of the initial tranche, a further 50 million debentures were made available.

The company said it had received subscriptions for more than 100 million debentures, representing a total value of Rs. 10 billion, and subsequently decided to allot the debentures on 30 September 2026.

Under the announced basis of allotment, 65.05 million debentures will be allocated to identified investors on a preferential basis...