Over Subscribed: Good Feedback On FHL’s Call For $30Million Dollar Loan
FHL Group recorded a profit after tax of $15.95m from revenue of $125.73m for the four-months period ending October 31, 2022.
05 Dec 2022 17:45
Fijian Holdings Limited (FHL)
A $30 million loan through wholesale corporate bond (WCB) met with favourable response in a “very short time,” Fiji Holdings Limited said.
In fact, the group reported an oversubscription, with 11 investors, who subscribed $31.405 million.
FHL acting chairman, Yogesh Karan, said interest earned from the bond would be tax-free and coupon rates more than doubled, compared to earnings from bank deposits.
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Source: SPX
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