Seylan to raise Rs. 12 b via multiple debenture issues

Friday, 27 January 2023 00:22 - - {{hitsCtrl.values.hits}}

Seylan Bank yesterday announced plans to raise a maximum of Rs. 12 billion via multiple debenture issues.

Its Board resolved to issues up to a maximum of 120 million BASEL III compliant, Tier II, Listed, Rated, Unsecured, Subordinated, Redeemable Debentures with a Non-Viability Conversion of Rs. 100 each.

The 120 million debentures will be issued in one or more issuances until 31 December 2023.

The size, tenure/maturity period (minimum five years), coupon rate/s, frequency of coupon/s etc., as determined by the Board will be notified prior to the opening of each issue. The debentures will be offered to ‘Qualified Investors’.

The debenture issues are subject to regulatory approval.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.