Sri Lanka, March 25 -- Siyapatha Finance PLC has seen its latest subordinated debenture offering snapped up by investors in record time, closing the subscription on the same day it opened. The issue, which launched on 20 March, attracted applications exceeding 3.75 billion rupees, proving that if you offer a decent return in this market, people will actually pay attention.

The total amount raised includes an initial 2 billion rupee tranche along with two additional tranches of 1 billion rupees and 750 million rupees, all of which were fully absorbed. These five-year, unsecured, redeemable debentures were priced at 100 rupees per unit with a fixed annual interest rate of 11.50%. Once the allotment is finalised, the securities will be list...