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BOC plans debenture issue of up to Rs.30 billion
From Daily Mirror ·
Headline from Daily Mirror
2 outlets · 2 reports · latest EN 2English 2 · all privateOwners: all private.
Photo: Daily MirrorAI summary · 1 min read
1 min readFrom 2 outlets- Daily Mirror and Daily FT report a planned debenture issue of up to Rs. 30 billion.
- Daily FT calls it the largest listed debt issue in Sri Lanka to date.
- Daily Mirror reports five- and seven-year terms, with fixed or floating rates.
- Daily Mirror reports board approval for an initial Rs. 10 billion tranche and two options for an additional Rs. 10 billion each.
Daily Mirror and Daily FT report that Bank of Ceylon (BOC), a state-owned commercial bank, intends to issue listed debentures with a total value of up to Rs. 30 billion. Daily FT describes the proposed offering as the biggest listed debt issue yet in Sri Lanka.
Daily Mirror reports that the securities would have five- or seven-year terms and either fixed or floating interest rates. It says the bank’s board approved an opening tranche valued at Rs. 10 billion, followed by two options to add Rs. 10 billion each.
Based on: Daily FT, Daily MirrorWritten by AI from Daily FT, Daily Mirrorthese outlets’ reports. Not reviewed by an editor. It can be wrong — the original reports are the authority. .
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