MBSL to raise up to Rs. 1 b through five-year debentures

Tuesday, 29 September 2026 04:30 - - {{hitsCtrl.values.hits}}

Merchant Bank of Sri Lanka & Finance PLC (MBSL), a subsidiary of the Bank of Ceylon, plans to raise up to Rs. 1 billion through a debenture issue.

The company’s Board of Directors has approved an issue of five million unsecured, subordinated, redeemable five-year debentures at Rs. 100 each, raising Rs. 500 million. MBSL may issue up to a further five million debentures at the same price if the initial tranche is oversubscribed, which would take the total to Rs. 1 billion.

The Central Bank of Sri Lanka approved the issue in a letter dated 24 September. The issue remains subject to all other necessary regulatory approvals, and the company did not disclose the interest rate, the issue dates, or how the funds would be used.