Sri Lanka’s Regional Development Bank to issue Rs.2.5 bn debenture issue

Jan 05, 2014 (LBO) – Sri Lanka’s Regional Development Bank or Pradeshiya Sanwardana Bank to issue debenture to raise 2.5 billion rupees which will be listed on the Colombo Stock Exchange, the bank said in a stock exchange filling. The bank plans to offer about 25 million unsecured, subordinated, redeemable debentures at 100 rupees each.

The bank says the subscription will be open on 16th January 2015.

Merchant Bank of Sri Lanka and Finance are the managers and registers to the issue.