FINANCIAL CHRONICLE – The Commercial Bank of Sri Lanka has announced its intention to issue debentures amounting to 20 billion rupees, featuring interest rates of 13.00 percent and 13.25 percent, according to a recent filing with the stock exchange.
The bank intends to release 200 million subordinated, redeemable debentures that comply with Basel III regulations. These debentures will be listed, rated, unsecured, and will include a conversion feature for non-viability.
The Colombo Stock Exchange has granted preliminary approval for this listing.
Initially, 100 million debentures will be made available at a price of 100 rupees each. An additional 50 million debentures will be offered, followed by another 50 million, should the initial offering be oversubscribed.
The subscription period is set to commence on July 16. (Colombo/Jul14/2026)
