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Debenture Issue 2018

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An initial issue of 60,000,000 Basel III Compliant, Tier 2, Listed, Rated, Unsecured, Subordinated, Redeemable Debentures with a Non-Viability Conversion and an option to issue a further 40,000,000 of the said Debentures at the discretion of the Bank in the event of an oversubscription of the initial issue.

As per the Rules of the Colombo Stock Exchange, the minimum amount of investment by any “Qualified Investor” is Rs. 10,000/- (100 Debentures) except in the case of individual investors for whom the minimum investment amount is Rs. 5,000,000/- (50,000 Debentures)

The investment and trading of these debentures are limited to “Qualified Investors”.

Type of Debentures Interest rate (per annum) AER Redemption Frequency of Interest Payment
Type A Fixed coupon rate of 12.85% 13.26% 5 years Semi-annually
Type B Fixed coupon rate of 13.20% 13.64% 7 years Semi-annually
Type C Fixed coupon rate of 13.50% 13.96% 10 years Semi-annually
  • Issue price per Debenture – Rs. 100/-
  • Rated BBB+ (lka) by Fitch Ratings Lanka Limited
  • Will be listed on the Colombo Stock Exchange

Please refer Prospectus for further information. Contact your stockbroker or call Seylan Bank’s Treasury Department on 0112 456 338 or the Company Secretariat on 0112 456 396 for further details. Prospectus and application forms are also available at www.cse.lk.

Joint Managers to the issue : People's Bank Investment Banking Unit and Capital Alliance Partners Limited

Trustee to the Issue : Bank of Ceylon