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
Six illegal Sri Lankan migrants caught in India raise suspicions of LTTE revival in Australia
-- [39 minutes ago]
China to ensure efficient functioning of Sri Lanka's problem-plagued coal power plant
-- [1 hour and 28 minutes ago]
Change in leadership of Sri Lanka's main Tamil party - report
-- [2 hours ago]
Sri Lanka armed forces joint field exercise to commence on September 2
-- [3 hours ago]
Sri Lanka Marxist party says ruling party thugs terrorizing Uva Province
Sri Lanka Election Commissioner promises legal action against illegal election propaganda
Sri Lanka election monitor writes to Election Commissioner on illegal recruitment at Survey Department
Families of disappeared persons in Sri Lanka protest to mark International Day of the Disappeared
Supplementary medical professionals of Sri Lanka to end strike tomorrow
Competing party leaders of Sri Lanka main opposition to come together on same platform

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.