The Colombo Stock Exchange has approved in principle an application for listing the debt securities of the PABC.
PABC will initially issue 20 million rated, unsecured senior debentures with an option to issue up to a further 10 million of said debentures and with a further option to issue upto 10 Million of said debentures at a par value of Rs100 at the discretion of the bank in the event of an over subscription of the issue.
The funds thus raised are intended to finance the growth momentum of the bank in the future. Subscription list will open on September 23, 2015. Prospectus would be delivered to member firms and trading members on September11,2015. Joint Managers to the offer will be People's Bank Investment Banking Unit. IH
www.dailynews.lk
PABC will initially issue 20 million rated, unsecured senior debentures with an option to issue up to a further 10 million of said debentures and with a further option to issue upto 10 Million of said debentures at a par value of Rs100 at the discretion of the bank in the event of an over subscription of the issue.
The funds thus raised are intended to finance the growth momentum of the bank in the future. Subscription list will open on September 23, 2015. Prospectus would be delivered to member firms and trading members on September11,2015. Joint Managers to the offer will be People's Bank Investment Banking Unit. IH
www.dailynews.lk
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