Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

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
Brandix takes lead in supporting Sri Lanka's national initiative in Occupational Safety and Health
-- [1 hour and 19 minutes ago]
Sri Lanka President seeks UN assistance for development projects
-- [1 hour and 36 minutes ago]
Japan agrees to help Sri Lanka on developing infrastructure and boosting maritime security
-- [2 hours ago]
Sri Lanka, Poland agree to enhance cooperation in tourism, business sectors
-- [2 hours ago]
Karunanidhi urges Indian government to move resolution in UNHRC on Sri Lanka - report
Sri Lanka's Constitutional Council to make appointments to independent commissions this week
SriLankan Airlines surpasses benchmark in punctuality
Indian MP ready to quit governing alliance over Sri Lanka's Tamil ethnic issue
Turkish business union opens office in Sri Lanka
Sri Lanka Navy builds an ambulance water craft for people in northern islets

Copyright © 2000, 2012 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.