Seylan’s Rs. 2 b debentures snapped up on opening day

Seylan Bank Plc said its Rs. 2 billion debenture issue has been successfully oversubscribed yesterday, which incidentally was the official opening day.

The issue involved 10 million unsecured, subordinated, redeemable debentures at Rs. 100 each with an equal amount extra if the first tranche is oversubscribed.