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Private bankers, institutional investors snap up Oxley’s latest bond offering
It was oversubscribed in one day.
Oxley’s retail bond offering of 4-year 5.15% p.a. retail bonds to private banking, institutional and other investors has been oversubscribed within the first day of its launch.
Oxley had originally set aside $25 million for the placement and allotted $125 million for its public offer. The placement received valid applications of more than $25 million in aggregate principal amount of bonds As a result of the strong demand, it re-allocated $25 million from the public offer to the placement.
The public Offer remains open till 16 May 2016, 12 noon In the event of oversubscription, size of Offer may be increased to up to $300 million.
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