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Sri Lanka Bank of Ceylon bond sale extended

June 15, 2010 (LBO) - Sri Lanka's state-run Bank of Ceylon said it was keeping a debenture issue open for more applications after applications topped an initial target of 3.0 billion rupees. A floating rate bond was priced 0.75 percent above the gross 6-month Treasury bill yield.

The bank said its listed 5-year debenture issue had attracted 122 applications valued at 3,085 million rupees.

The bank said it was keeping the issue open for another 2.
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0 billion rupees of applications or till June 18.

The Bank of Ceylon was offering a fixed rate bond with an 11.
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5 percent coupon and interest paid every six months.