Singer Finance (Lanka) PLC announced that an initial issue of 10,000,000 (Ten Million) Listed, Rated, Unsecured, Subordinated Redeemable Five Year (2021/2026) Debentures of LKR 100.00 each with an option to issue up to a further 10,000,000 (Ten Million) of the said debentures, in the event of an oversubscription of the initial issue, to raise a maximum of Sri Lanka Rupees Two Billion (LKR 2,000,000,000). Type A debentures would be at a fixed coupon rate of 9.25% p.a. (AER 9.25%), payable annually and Type B debentures at a floating interest rate of 1 Year T- Bill Rate + 3.75% p.a., payable annually.