Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Seylan Bank of Sri Lanka to issue 10 million debentures
Sat, Dec 1, 2012, 03:05 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 01, Colombo: The board of directors of Seylan Bank PLC informed the Colombo Stock Exchange (CSE) on Thursday that the Bank will proceed with a public issue of 10 million Unsecured Subordinated Redeemable Debentures at a par value of Rs. 100 each aggregating to one billion rupees.

The Seylan Bank will opt to issue a further ten million of the five-year debentures in the event of an oversubscription.

Whilst three interest options - fixed interest payable annually, monthly and floating interest payable annually - have been proposed, the interest rates will be decided and announced prior to the opening of the issue by the board.

The Board also approved that an application to list the debentures will be made to the CSE and accordingly an application will be submitted to the CSE.



ColomboPage - Recent 10 Stories
Sri Lanka President appreciates Turkey's steps to enhance bilateral corporation
-- [6 hours ago]
Nine-member Commonwealth team to observe Sri Lanka parliamentary elections
-- [6 hours ago]
Pakistan condemns the killing of civilians in latest unprovoked ceasefire violations by India at Working Boundary
-- [7 hours ago]
Litro Chairman sends letter of demand to former UPFA MP Bandula Gunawardena
Australia's MRL Corporation signs agreement with Intelligent Materials to identify commercial applications for Sri Lanka graphite
Police asked to take custody of government vehicles still retained by former MPs
Sri Lanka Police arrest 386 on election law violations and related incidents
Sri Lanka survey finds Ranil Wickremasinghe is favored by all communities to be the PM
Saudi employer offers his Sri Lankan housemaid for sale online
Former monitoring MP Sajin Vaas Gunawardena further remanded

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.