Sri Lanka’s Seylan Bank to raise Rs5bn in listed debt


June 28, 2016 (LBO) – Sri Lanka’s listed Seylan Bank is planning to raise as much as 5 billion rupees from a sale of debenture which will be quoted on the Colombo Stock Exchange.

The stock exchange said the company wanted to sell 30 million debentures at 100 rupees each with an option to issue further 20 million debentures.

Capital Alliance Partners and People’s Bank Investment Banking Unit is jointly managing the debt issue and the subscription list will be open on 05 July 2016.

The prospectus will be available from today on wards.