Commercial Bank of Ceylon PLC announces opening of its BASEL III Compliant Debenture issues to raise upto LKR. 5 billion with an option to raise upto further LKR. 5 Billion in the event of an oversubscription.
Issue opening date: 1st December 2022
|Type||Tenure||Fiexed Interest rate per Annume||Annual Effectie rate per Annum||Interest Payment frequency|
|A||5 Year||28.00%||29.96%||Semi- Annual|
|B||7 Year||27.00%||28.82%||Semi- Annual|
|C||10 Year||22.00%||23.21%||Semi- Annual|
50 Million Basel III compliant tier 2 listed rate unsecured subordinated redeemable debentures with a non-viability conversion feature at the par value of Rs. 100 each. Are offered through this debenture issue with an option to issue upto a further 50 Million debentures in the event of over subscription.
With a minimum subscription of Rs.5 Million for an individual qualified investor. The minimum subscription for other qalified investors is Rs.10,000/-
For more details see below image or contact to Commercial bank treasury on 0112 486 347 or Investment Bankng 0112 486 492