Seylan Bank has decided to go for Rs. 8 billion debenture issue with the bank hoping to have it quoted on the Main Board of the Colombo Stock Exchange.
The bank plans to issue 50 million debentures with an option to issue up to a further 30 million debentures at a par value of Rs. 100.
The proposed tenors of the issue are three years and four years from the date of allotment whilst the interest rate options/coupons will be decided by the Board prior to the opening of the issue. (IH)
The bank plans to issue 50 million debentures with an option to issue up to a further 30 million debentures at a par value of Rs. 100.
The proposed tenors of the issue are three years and four years from the date of allotment whilst the interest rate options/coupons will be decided by the Board prior to the opening of the issue. (IH)
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