People’s Bank Investment Banking Unit notches new milestone

Friday, 23 April 2021 00:00 - - {{hitsCtrl.values.hits}}

People’s Bank CEO/GM Ranjith Kodituwakku handing over a plaque to commemorate the historical transaction of CEB to GM (Eng) Kumudini Herath in appreciation of the trust placed in People’s Bank Investment Banking Unit as the Managers to the Issue and People’s Bank as the Trustee and the Bankers to the Issue

People’s Bank Investment Banking Unit (PBIBU) reached a new high in its track record by successfully ensuring oversubscription of the Ceylon Electricity Board (CEB) Debenture Issue of Rs. 20 billion, the largest-ever listed debenture issue in Sri Lanka.

Accordingly, CEB’s Senior, Unsecured, Listed, Redeemable, Rated Debentures with a maturity period of five years was oversubscribed on the opening day itself thus consolidating PBIBU’s position as the undisputed leader in investment banking in Sri Lanka.