Bank of Ceylon is planning to privately place 12 billion rupees of, unlisted, unsecured, subordinated and redeemable  debentures.

The Board of Directors of BOC, at their meeting held on 22 May 2019,  had approved the sale of 120 million 5 and 8 year bonds at 100 rupees each, the bank said in a stock exchange filing.

Approval of the securities and exchange commission of Sri Lanka and the Central Bank of Sri Lanka was obtained for the proposed debenture issue.