Pan Asia Banking Corporation lists 13.5% debentures on local market

Pan Asia Banking Corporation has added a fresh debenture offering to the Colombo Stock Exchange, providing investors with fixed-income securities carrying a 13.5 percent interest rate.

The listing represents the bank's latest move to diversify its funding sources and strengthen its capital base amid the evolving financial landscape in Sri Lanka. Debentures are debt instruments that allow companies to raise capital from the market while providing investors with predetermined returns.

The 13.5 percent yield reflects current market conditions and investor demand for banking sector securities in the local market. Banks in Sri Lanka have increasingly turned to debenture issuances as a complement to traditional deposit-based funding.

The listing comes as financial institutions continue to navigate economic challenges while maintaining liquidity and capital adequacy requirements set by the Central Bank of Sri Lanka. Pan Asia Banking Corporation joins other domestic banks in utilizing the capital markets to meet their funding requirements.