🏛️ CSE Approves Rs. 5 Bn Debenture Issue for Pan Asia Bank

• Overview: The Colombo Stock Exchange (CSE) has granted in-principle approval for Pan Asia Banking Corporation PLC to raise up to Rs. 5 billion through a debenture issue. • Issuance Details: Subscriptions open on 1 October 2026 for listed, rated, senior, unsecured, and redeemable debentures at a par value of Rs. 100 each. • Tranche Structure: • Initial Tranche: 20 million debentures (Rs. 2 Bn). • Second Option: Additional 20 million debentures (Rs. 2 Bn) if oversubscribed. • Final Option: Further 10 million debentures (Rs. 1 Bn) upon full oversubscription. • Investment Options: • 3-Year Tenor: 12.75% p.a. fixed rate (interest paid annually). • 5-Year Tenor: 13.50% p.a. fixed rate (interest paid annually). • Impact on Banking Sector: Strengthens capital structure and medium-term funding for banking & financial services, supporting credit growth and liquidity in the national economy. • Issue Managers: Managed by Commercial Bank of Ceylon PLC's Investment Banking Unit; SSP Corporate Services Ltd. serves as registrar.