BOC goes for Rs. 20 b BASEL III compliant unlisted debenture

Wednesday, 14 December 2022 00:25 - - {{hitsCtrl.values.hits}}

Bank of Ceylon is planning to raise Rs. 20 billion via BASEL III compliant, tier 2, unlisted, rated, unsecured, subordinated, redeemable debentures with a non-viability write down feature.

It will issue 200 million of said debentures at Rs. 100 each.

There are three types of debentures - Type A five year tenor 29% per annum fixed rate payment annually; Type B five year AWPLR + 2% per annum floating payable bi-annually and Type C eight year AWPLR+2.50% per annum floating payable bi-annually.

The issue opens on 19 December 2022 and closes on 31 December 2022 or earlier date on which it is fully subscribed or part thereof. The issue of debentures is confined to Qualified Investors.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.