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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