Sri Lanka’s Commercial Bank to sell listed debt

Mar 14, 2012 (LBO) – Sri Lanka’s Commercial Bank of Ceylon said it is planning to raise at least a billion rupees through sale of listed debt, but may sell more debt if the demand is higher. Commercial Bank said in a stock exchange filing that wanted to sell at least 500,000 redeemable debentures of 1,000 rupees each, but would offer a further 500,000 bonds if the initial amount was oversubscribed.

The Colombo Stock Exchange had given permission for the bonds to be listed.

The offer would open on March 27.

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