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Sri Lanka’s Commercial Bank to raise Rs7bn from listed debenture

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Sri Lanka’s Commercial Bank to raise Rs7bn from listed debenture Empty Sri Lanka’s Commercial Bank to raise Rs7bn from listed debenture

Post by First Guy on Thu Aug 04, 2016 7:27 am

Aug 02, 2016 (LBO) – Sri Lanka’s Commercial Bank is to raise 7.0 billion rupees from a listed debenture issue, the bank said in a stock exchange filing.

The bank has decided to issue listed unsecured rated redeemable subordinated debentures worth 5 billion rupees with an option to go up to 7 billion rupees.

The proposed issue will be carried out after obtaining necessary regulatory approvals, following a resolution adopted yesterday, the board of directors of the bank said.

http://www.lankabusinessonline.com/sri-lankas-commercial-bank-to-raise-rs7bn-from-listed-debenture/

http://www.cse.lk/cmt/uploadAnnounceFiles/9201470113812_369.pdf

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