📈 Bank of Ceylon Allots Record Rs. 30 Bn Debenture Issue

Bank of Ceylon (BOC) has officially announced the basis of allotment for its record-breaking banking & financial services debenture issue worth Rs. 30 Bn, following strong investor demand. • Allotment Breakdown: • Retail & Qualified Small Investors: Applicants requesting up to 25 million debentures received a 100% allotment. • Large Institutional Investors: Applicants requesting above 25 million debentures received 25 million debentures plus 56.2627% of the remaining balance (rounded to the nearest 100). • Adjustments: Rounding adjustments were absorbed by the largest applicant. • Market Context: The successful oversubscription and full Rs. 30 Bn allocation highlight strong investor confidence in Sri Lanka's largest state-owned commercial bank and reflect robust liquidity within the domestic financial services sector.