Tuesday Mar 03, 2026
Tuesday Mar 03, 2026
Tuesday, 3 March 2026 06:00 - - {{hitsCtrl.values.hits}}
Pan Asia Banking Corporation PLC said it plans to raise up to Rs. 5 billion through a listed rated unsecured senior redeemable debenture issue, following Board approval granted on 26 February 2026.
The bank said it will issue up to 50 million debentures at a face value of Rs. 100 each, amounting to a maximum aggregate value of Rs. 5 billion.
The proposed debentures will carry tenors of up to five years.
The bank stated that the issue will be subject to necessary regulatory approvals and that it proposes to have the debentures quoted on the Colombo Stock Exchange.
