Sri Lanka’s Commercial Bank to list 13.25-pct debentures

ECONOMYNEXT – Sri Lanka’s Commercial Bank is listing 20 billion rupees of 13.00 percent and 13.25 percent debentures, it said in a stock exchange filing. The bank plans to issue 200 million Basel III compliant – listed, rated, unsecured subordinated, redeemable debentures with a…

ECONOMYNEXT – Sri Lanka’s Commercial Bank is listing 20 billion rupees of 13.00 percent and 13.25 percent debentures, it said in a stock exchange filing. The bank plans to issue 200 million Basel III compliant – listed, rated, unsecured subordinated, redeemable debentures with a non-viability conversion feature. The Colombo Stock Exchange has approved the listing in principle.

Initially a 100 million debentures will be offered at 100 rupees each, with another 50 million, and another 50 million offered in case of an oversubscription of the initial issue. The subscription list opens on July 16. (Colombo/Jul14/2026)