KARACHI, Aug 8: The second tranche of Orix Leasing Pakistan Limited’s Term Finance Certificates (TFC) issue has been oversubscribed, the registrars to the issue informed the stock exchange on Thursday.

Final figures forwarded by the bankers to the issue showed that at the end of closing of issue on July 31, a total of 137 application had been received, the subscription value of which stood at Rs146.8 million. The company had offered TFCs of the aggregate amount of Rs110 million to the public, with a further stipulation that in case of over subscription, the company would have the right to retain up to Rs48.0 million under the green shoe option.

The registrars confirmed that the company would exercise the green shoe option and all applicants who had applied for TFCs, would be fully accommodated.