📈 BOC to Launch Sri Lanka’s Largest Listed Debt Issue of up to Rs. 30 Bn

Bank of Ceylon (BOC) is set to open subscriptions on 3 November 2026 for Sri Lanka’s largest-ever listed debenture issue, raising up to Rs. 30 Bn to strengthen its capital base and drive national growth. • Issue Structure & Timeline - Initial offering: Rs. 10 Bn, with option to scale up to Rs. 30 Bn in two tranches. - Instrument: Basel III compliant, Tier 2, Listed, Rated, Unsecured, Subordinated, Redeemable debentures with non-viability write-down provisions. - Opens: 3 November 2026 for 14 market days. • Tenors & Interest Yields - 5-Year Tenure: Fixed coupon of 12.75% p.a. OR floating rate at 1.50% above the 12-month T-Bill rate. - 7-Year Tenure: Fixed coupon of 13.00% p.a. OR floating rate at 1.75% above the 12-month T-Bill rate. • Ratings & Investor Eligibility - Issue Rating: AA (Stable) by Lanka Rating Agency. - Issuer Rating: AA-(lka)/Stable by Fitch Ratings Lanka Ltd. - Target: Restricted to qualified investors (Minimum subscription: Rs. 5 Mn for individual investors; Rs. 10,000 for institutions). • Macro Impact - Strengthens banking & financial services capital buffers to support corporate, SME, retail, and institutional lending aligned with Sri Lanka's investment-led economic phase.