Merchant Bank debentures full

The initial tranche of Merchant Bank of Sri Lanka and Finance (10 mn Unsecured Subordinated Redeemable debentures of Rs 100 each per share ) has been oversubscribed.

The bank has received Applications for subscription of more than 10,000,000 debentures upto 12.30 p.m yesterday.The bank in a stock exchange filling said that it has decided to keep the

subscriptions list open until 20,000,000 debentures or until May 12,2017, whichever is earlier.