The Bank of Ceylon (BOC)’s Rs.10.2 billion debenture issue on Wednesday was snapped up by investors at the Colombo bourse with the controversial reversal of a BOC sale of its stake in Seylan Bank not figuring at all in buoyant buying sentiment.
The bank issued 50 million rated, unsecured, subordinated, redeemable debentures at an issue price of Rs. 100 each with an option to issue up to a further 30 million debentures in the event of an oversubscription of the initial issue. “The debenture issue was successfully oversubscribed and closed on the opening day itself. There was a significant corporate and retail participation for this debenture and total applications received exceeded Rs. 10.2 billion” the bank said in a statement.
Earlier this week, the Prime Minister ordered the cancellation of the sale of a 7.5 per cent stake of the BOC in Seylan Bank which unnerved investors in the market, ringing alarm bells. – ENDS -
Tamar Amitai, a 25-year-old Israeli tourist who went missing in Uppuveli, Trincomalee, was found safe after a three-day joint search operation today.
The Colombo High Court today (28) sentenced former parliamentarian Hirunika Premachandra to three years of Rigorous Imprisonment over charges of the involvement of an abduction.
President Ranil Wickremesinghe is firm about the President’s five-year tenure, the President’s Media Division (PMD) said.
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