Sri Lanka Bank of Ceylon bond sale gets Rs4.0n in applications

Nov 20, 2012 (LBO) – A debenture sale by state-run Bank of Ceylon has so far received 4.0 billion rupees worth subscriptions, the lender said in a stock exchange filing. The bank offered 3.0 billion rupees of 5-year debentures and said it would offer a further 3.0 billion if the first tranche was fully subscribed.

The bonds come in 16.0 percent fixed and a floating rate based on a premium to the six month Treasury bill yield. .