Tag: Fitch rates Seylan Bank’s Basel III sub debt BBB+(lka)(EXP)

seylan

‘s Basel III sub debt BBB+(lka)(EXP)

Jan 04, 2019 (LBO) – Fitch Ratings has assigned Seylan Bank’s proposed Basel III compliant subordinated debentures an expected National Long-Term Rating of ‘BBB+(lka)(EXP)’. The notes, which will total 5 billion rupees and mature in five years, include a non-viability clause and will qualify as regulatory Tier II capital for the bank. Seylan plans to […]