Oct 02, Colombo: Bank of Ceylon, the State-owned major commercial bank in Sri Lanka, has received approval from the Colombo Stock Exchange (CSE) to list Rs. 8 billion debt securities of the company on the Main Board of the CSE, the company said in a stock market disclosure Wednesday.
The opening issue will initially offer 40 million unsecured, subordinated, redeemable debentures at an issue price of Rs.100.00 each amounting to Rs. 4 billion.
In the event an over subscription, further 40 million debentures will be issued to raise up to Rs.8 billion.
The issues will be opened for subscription on October 21, 2013. Prospectus will be delivered to the member firms and trading members on October 8.