Reply To:
Name - Reply Comment
Last Updated : 2024-05-09 00:28:00
Fitch Ratings has assigned Seylan Bank PLC’s (A-(lka)/stable) Basel II-compliant subordinated debenture issue of up to Rs.5 billion a final national long-term rating of ‘BBB+(lka)’.
The final rating is the same as the expected rating assigned on May 6, 2016 as detailed in the press release and follows the receipt of documents conforming to information already received.
The debentures will have tenors of five and seven years and carry fixed and floating coupons. The debentures are to be listed on the Colombo Stock Exchange.
The issue is rated one notch below Seylan Bank’s national long-term rating to reflect the subordination to senior unsecured creditors.
The rating on the proposed debentures will move in tandem with Seylan Bank’s national long-term rating.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul
07 May 2024 - 2 - 1604
06 May 2024 - 4 - 1312