Sri Lanka, Nov. 5 -- Bank of Ceylon (BOC) successfully closed its historic Basel III compliant Tier 2 Debenture Issue, being oversubscribed 3.8 times over its initial issue of Rs. 10 billion on the opening day, 3 November 2026.

The Bank issued 100 million Basel III compliant Tier 2, Listed, Rated, Unsecured, Subordinated, Redeemable Debentures with Non-Viability Write-Down features, at an issue price of Rs. 100 each, to raise up to Rs. 10 billion, with options to increase the amount up to Rs. 20 billion and subsequently to Rs. 30 billion in the event of oversubscription. The Bank received applications exceeding Rs. 38 billion making it the largest-ever listed debenture issue in Sri Lanka's capital market history.Sri Lanka travel

BOC Cha...