Sri Lanka, Oct. 27 -- Bank of Ceylon (BOC) is set to create another milestone in the country's capital market with the launch of Sri Lanka's largest-ever listed debenture issue, with a maximum issue size of LKR 30 billion.Open Bank Account

The Bank proposes to initially raise LKR 10 billion, with an option to increase the issue to LKR 20 billion in the event of an oversubscription of the initial tranche and a further option to increase the total issue size up to LKR 30 billion, making it the largest listed debenture issue undertaken in Sri Lanka.

The proposed issue comprises Basel III compliant, Tier 2, Listed, Rated, Unsecured, Subordinated, Redeemable debentures with a non-viability write-down feature. The debentures carry an issue ra...