Union Bank to raise Rs. 3 b in debenturesBusinessUnion Bank of Colombo PLC on Friday announced its proposed Debenture Issue 2026, a strategic move aimed at raising up to Rs. This option is paid annually, while Type B offers a 12.5 per cent fixed rate paid semi-annually (12.89 per cent AER). Shanka Abeywardene, Chief Financial Officer of Union Bank stated: “This debenture issue marks a significant step in the bank's journey towards enhanced financial stability. By strengthening its capital adequacy, Union Bank is well-positioned to navigate evolving market conditions while fuelling its long-term strategic objectives for sustainable growth.”You can share this post!

Source: Sunday Times February 27, 2026 14:31 UTC