The Colombo Stock Exchange (“CSE”) has approved in principle an application for listing the BASEL III compliant debt securities of the DFCC Bank.
Accordingly, the bank will issue 50,000,000 BASEL III compliant, Tier II, Listed, Rated, Unsecured, Subordinated, Redeemable Debentures with a non-viability conversion at an issue price of Rs. 100.00 each with an option to issue up to a further 20,000,000 of said debentures at the discretion of the Bank in the event of an oversubscription of the initial issue to raise Rs.7 billion.
The allotment and secondary trading of these debt securities is limited to Qualified Investors.
Date of opening of the subscription list is March 26, 2018.
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