Wednesday, 20 April 2016

Sri Lanka's Seylan Bank to sell up to Rs5.0bn debt

ECONOMYNEXT - Sri Lanka's Seylan Bank Plc said it will sell up to 5.0 billion rupees in listed debt with tenors of 5 and 7 years.

The lender said in a stock exchange filing that its board has approved the issue of 3.0 billion rupees of debt with an option to sell another 2.0 billion rupees.

The debentures will have a coupon on 100 rupees.

The interest rates will be decided shortly before the offer is made

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