Tag: Fitch Rates Bank of Ceylon Basel III Subordinated Debt BBB+(EXP)(lka)

BOC

‘s Basel III Subordinated Debt BBB+(EXP)(lka)

Fitch Ratings has assigned Bank of Ceylon’s (BOC) (CC/CCC-/A(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures of up to LKR10 billion an expected National Long-Term Rating of ‘BBB+(EXP)(lka)’. The proposed debentures will mature in five years and be listed on the Colombo Stock Exchange. The bank plans to use the proceeds to strengthen its Tier 2 […]