Tuesday, 7 October 2014 01:52
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Pan Asia Bank’s Rs. 3 billion listed debenture issue will be up for grabs from next week.
The bank is issuing 20 million unsecured subordinated redeemable debentures at Rs. 100 each and in the event of an oversubscription will issue a further 10 million debentures.
The public can apply for the debentures from 13 October onwards whilst the official opening of the issue is 24 October.
The Colombo Stock Exchange has approved in principle the application to list the debentures.
Joint managers to the issue are People’s Bank Investment Banking Unit, Capital Alliance Partners, Navara Capital Partners and Company Secretary of PABC.
