PBIBU ensures oversubscription of Rs. 20 Bn CEB Debenture Issue | Daily News

PBIBU ensures oversubscription of Rs. 20 Bn CEB Debenture Issue

People’s Bank CEO/GM Ranjith Kodituwakku handing over a plaque to commemorate the historical transaction of CEB to GM (Eng) Kumudini Herath
People’s Bank CEO/GM Ranjith Kodituwakku handing over a plaque to commemorate the historical transaction of CEB to GM (Eng) Kumudini Herath

People’s Bank Investment Banking Unit (PBIBU) reached a new high in its track record by successfully ensuring oversubscription of the Ceylon Electricity Board (CEB) Debenture Issue of LKR 20 Billion, the largest ever Listed Debenture Issue in Sri Lanka.

Accordingly, CEB’s Senior, Unsecured, Listed, Redeemable, Rated Debentures with a maturity period of five (5) years was oversubscribed on the opening day itself thus consolidating PBIBU’s position as the undisputed leader in Investment Banking in Sri Lanka.