Sri Lanka’s Commercial Bank to raise Rs7bn in debentures

Commercial-Bank

Feb 18, 2016 (LBO) – Sri Lanka’s Commercial Bank said it was planning to raise as much as 7 billion rupees from the sale of debentures which will be quoted on the Colombo Stock Exchange.

The bank said in stock exchange filing that it wanted to sell 50 million debentures of 100 rupees each.

But it would offer another 20 million debentures at the discretion of the bank if the initial offer was oversubscribed.

Subscription list will be open on 29 February 2016.