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