Business

ComBank Secures Historic Rs. 22.54 Billion Through Record-Breaking Rights Issue

  • August 16, 2024

The Commercial Bank of Ceylon PLC has successfully completed the largest rights issue ever by a bank in Sri Lanka, raising a substantial Rs. 22.54 billion. This significant capital increase aims to boost the bank’s Tier I and total capital, enabling future business expansion. The rights issue offered existing holders of ordinary voting and non-voting

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Finance

HNB to Raise Up to Rs12 Bn Through Debenture Issue

  • August 12, 2024

Hatton National Bank Plc (HNB) is set to raise up to Rs12 billion through a new debenture issue, the bank announced. The debentures, compliant with Basel III regulations, will be Tier 2, listed, rated, unsecured, subordinated, redeemable, and include a non-viability conversion feature. Each debenture will be priced at Rs100. The initial issue will include

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