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Fitch rates BOC's Basel III subordinated debt 'A(EXP)(lka)'
Daily Mirror - Sri Lanka
|April 03, 2025
Fitch Ratings yesterday assigned Bank of Ceylon's (BOC) LKR75 billion Basel III-compliant subordinated unsecured debentures of up to Rs.15 billion an expected National Long-Term Rating of 'A(EXP)(lka)'.
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The proposed debentures will mature in five years and be listed on the Colombo Stock Exchange. The bank plans to use the proceeds to strengthen its Tier 2 capital base and liquidity position, improve maturity mismatches
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