ECONOMYNEXT – Bank of Ceylon will issue a two hundred million debentures to raise a total of 20 billion rupees, it said in a stock exchange filing. The Basel III compliant, tier 2, listed, rated, unsecured, subordinated, redeemable 5-year sustainability bonds with non-viability write down features will be issued at 100 rupees each. Initially hundred million debentures will be issued, the bank said, with an option to issue a further 50,000,000 in the event of an oversubscription of the initial issue, and another 50,000,000 if there’s an oversubscription of the second tranche. The issue is subject to obtaining necessary regulatory…
Bank of Ceylon to raise upto Rs20bn in debenture sale
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