Monday, 19 April 2021 10:12

People’s Bank to issue SL’s largest ever Listed Debenture Featured

The People’s Bank Investment Banking Unit (PBIBU) reached a new high in its track record by successfully ensuring oversubscription of the Ceylon Electricity Board (CEB) Debenture Issue for Rs. 20 billion., the largest ever Listed Debenture Issue in Sri Lanka.

“Accordingly, CEB’s Senior, Unsecured, Listed, Redeemable, Rated Debentures with a maturity period of five years was oversubscribed on the opening day itself thus consolidating PBIBU’s position as the undisputed leader in investment banking in Sri Lanka,” the People’s Bank said in a media release.

The PBIBU will be the Managers to the upcoming Unlisted Debenture Issue of Urban Development Authority for Rs. 15 billion which illustrates the undisputed leadership of PBIBU among the state-owned entities for their capital market requirements.

Furthermore, in July 2020 PBIBU successfully structured the largest Unlisted Debenture Issue ever to be issued inSri Lanka which was for Rs. 20 billion on behalf of People’s Bank.

 

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