ECONOMYNEXT - Sri Lanka's Seylan Bank Plc said it planned to sell 6.0 billion rupees of unsecured subordinated with an option to sell a further 4.0 billion if there was demand.
The debentures would have a tenor of 5 to 10 years.
The interest rate would be set before the opening of the issue.
Seylan Bank said it will not go ahead with a plan announced in October 05, 2016 to issue rated senior unsecured debt.
The subordinated debt will company with BASEL III capital requirements.
The debentures would have a tenor of 5 to 10 years.
The interest rate would be set before the opening of the issue.
Seylan Bank said it will not go ahead with a plan announced in October 05, 2016 to issue rated senior unsecured debt.
The subordinated debt will company with BASEL III capital requirements.
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