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Seylan Bank to sell Rs5bn in listed debt

Apr 20, 2016 (LBO) - Seylan Bank will sell up to five billion rupees in listed debt, the bank said in a statement.
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"The Bank's board has approved to issue three billion rupees of debt with a further option to sell another two 2 billion rupees," a stock exchange filing said.

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The debentures will be issued for tenures of five and seven years and have a coupon on 100 rupees.

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"The interest rates options will be announced prior to the opening of the issue," the statement added.