Sri Lanka’s Pan Asia Banking Corporation has listed its 12.75 and 13.50 percent debentures on the Colombo Stock Exchange (CSE), the company said in a market filing.
The listed, rated, senior, unsecured, redeemable debt securities have been issued across 3-year and 5-year tenors, carrying an annual coupon option:
The lender’s public debenture issuance sought to raise 5 billion rupees through 50 million debentures at 100 rupees each.
The debenture sale was oversubscribed on its opening day, drawing investor interest.
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