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 to hand over chairmanship of G15 to Kenya
-- [11 minutes ago]
Opposition Leader will be the Presidential candidate from Sri Lanka's main opposition party
Sri Lanka Navy arrests two trying to smuggle 45 kilograms of gold
New Tamil Nadu CM writes to Indian PM to get fishermen's boats back from Sri Lanka
WFP distributes food and cash to drought-stricken communities in Sri Lanka
New Sri Lanka Atomic Energy Bill to be presented in parliament
Sri Lanka to create a mechanism to promote coexistence among communities
Sri Lankan government does not endorse the views of the extremist Buddhist group - Minister
Rights of children are adequately protected in Sri Lanka - President
Two Pakistan naval ships arrive in Sri Lanka on a goodwill visit

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.