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Sri Lanka Equity Forum » Stock Market Talk » COMBank goes for Rs. 10 b Basel III compliant debentures

COMBank goes for Rs. 10 b Basel III compliant debentures

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ruwan326

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Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Commercial Bank Plc has decided to raise Rs. 10 billion via Basel III compliant Tier 2 listed rated unsecured subordinated redeemable debentures. 

It will offer 50 million debentures of Rs. 100 each and in the event of oversubscription issue a further 50 million debentures. The allotment and secondary market trading of these debt securities is limited to qualified investors. 

The issue will officially open for subscription on 16 July.

http://www.ft.lk/front-page/COMBank-goes-for-Rs--10-b-Basel-III-compliant-debentures/44-658815

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