FINANCIAL CHRONICLE – Sri Lanka’s leading private lender, Commercial Bank of Ceylon, has announced plans to raise up to 20 billion rupees through the issuance of debentures, according to a disclosure made to the Colombo Stock Exchange.
Initially, the bank aims to raise 10 billion rupees by issuing 100,000 listed, rated, unsecured subordinated redeemable debentures, each priced at 100 rupees. These debentures will have a non-viability conversion feature and will be available in tenures of five, seven, and ten years.
Should there be additional investor interest, the bank has the option to issue up to an additional 50,000,000 debentures, amounting to a further 5 billion rupees at the bank’s discretion. This would constitute the second tranche and would be activated in the event of an oversubscription of the initial issue.
Furthermore, the bank has announced another option to issue an additional 50,000,000 debentures, amounting to another 5 billion rupees, also at its discretion.
The final decision regarding this initiative is pending approval from government regulators and the bank’s shareholders. (Colombo/February 02/2026)
