Tag: Fitch rates Seylan Bank’s subordinated debt BBB+(lka)(EXP)

seylan

‘s subordinated debt BBB+(lka)(EXP)

Fitch Ratings has assigned Seylan Bank PLC’s (A-(lka)/Stable) proposed Basel II-compliant subordinated debenture issue of up to LKR5bn a National Long-Term Rating of ‘BBB+(lka)(EXP)’. The debentures will have tenors of five and seven years and carry fixed and floating coupons. The debentures are to be listed on the Colombo Stock Exchange and the bank plans […]