The issue of 10 million listed, rated, unsecured, redeemable senior debentures issued by Singer (Sri Lanka) PLC at Rs. 100.00 each with an option to issue up to another further five million has been oversubscribed.

The issue has received applications in excess of an aggregate value of Rs. 1.5 billion. Accordingly the issue will close at 4.30 pm today (17 December) while entertaining the applications received till such time.