📈 BOC Records Sri Lanka’s Largest Ever Debenture Issue at Rs. 30 Bn

• Overall Figures: State-owned Bank of Ceylon’s (BOC) debenture issue was oversubscribed on opening day, with total applications exceeding Rs. 30 Bn—3x the initial Rs. 10 Bn offering. • Tranche Breakdown: The initial offer of 100 Mn debentures (at Rs. 100 each) raised Rs. 10 Bn, successfully triggering both optional green-shoe tranches of Rs. 10 Bn each to hit the maximum Rs. 30 Bn cap. • Instrument Details: Features Basel III-compliant Tier 2, listed, rated, unsecured, subordinated, redeemable debentures with 5-year (2026/2031) and 7-year (2026/2033) tenures, including a non-viability write-down feature. • Market Impact: Surpasses Commercial Bank’s Rs. 20 Bn issue in July 2024 to become the largest single debenture issuance in Sri Lanka's banking sector. Basis of allotment will be notified to the CSE in due course.