Fitch rates Bank of Ceylon subordinated debt AA(lka)(EXP)
Fitch Ratings has assigned Bank of Ceylon’s (BOC; AA+(lka)/Stable) proposed subordinated debentures of up to LKR8bn an expected National Long-Term Rating of ‘AA(lka)(EXP)’. The debentures, which are to have tenors of five and eight years and carry fixed and floating coupons, are to be listed on the Colombo Stock Exchange. BOC expects to use the […]