Gasan bond issue over-subscribed in an hour

The Gasan bond issue closed one hour after it opened yesterday because it was oversubscribed. Gasan Finance Company plc, part of the Gasan Group of Companies, announced a €15 million six per cent bond issue earlier this month. This was the company's...

The Gasan bond issue closed one hour after it opened yesterday because it was oversubscribed.

Gasan Finance Company plc, part of the Gasan Group of Companies, announced a €15 million six per cent bond issue earlier this month.

This was the company's fifth edition of the 2014-16 bond issue.

The company had said the new bond issue would be used for general funding, to refinance part of the group companies' debt or to be lent to them.

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