Pan Asia Banking Corporation PLC plans to raise up to Rs. 4 billion via a five-year Basel III-compliant Tier 2 debenture issue (up to 40 million Rs.100 debentures). The bank also plans a separate senior debenture opening 1 Oct. to raise up to Rs. 5 billion, together up to Rs. 9 billion.
Pan Asia Banking Corporation PLC plans to raise up to Rs5 billion via listed, rated senior unsecured debentures (initial 20m at Rs100 each, with further 20m and 10m on oversubscription). Type A: 3-year at 12.75% p.a.; Type B: 5-year at 13.50% p.a.; subscription opens 01-Oct-2026.
Colombo Stock Exchange opened higher: ASPI up 0.18% (37.48 pts) at 21,104.37 and S&P SL20 up 0.46% at 5,970.10, with turnover Rs 43.59m. Singer Finance set rights-issue and EGM/XR dates; Pan Asia Banking plans to raise up to Rs 5bn via listed debentures opening Oct 1, 2026.
The CSE approved in principle Pan Asia Banking Corporation's Rs.5 billion debenture issue, with subscriptions opening 1 Oct 2026 and an initial tranche of up to 20m debentures (Rs.2bn) and options to raise the full Rs.5bn. Investors can choose 3-year (12.75%) or 5-year (13.50%) fixed-rate options; Commercial Bank is the issue manager.
Pan Asia Banking Corporation PLC (PABC.N0000) has launched Pan Asia EZY, a next-generation mobile banking platform that integrates everyday banking, payments and selected financial services. Features include account management, interbank transfers via JustPay, pawning and fixed-deposit servicing, GovPay payments, eKYC onboarding and Central Bank-compliant security.
Colombo Stock Exchange closed down as the ASPI fell 0.58% to 21,139.31, with market turnover at 1.63 billion rupees. Food, Beverage & Tobacco led turnover at 782.3 million rupees; notable movers included Namunukula, Pan Asia Bank and Ceylon Cold Stores (up) and John Keells, Melstacorp, RIL Property and Cargills (down); Hunas Holdings entered a partnership with Tokyo-based CCH Inc for its real estate and hospitality businesses effective Sept 14.
CIO Confluence 2026 will be held on 9 September at Cinnamon Life, bringing together senior technology and business leaders from Sri Lanka's banking sector to discuss 'Beyond Digital: The Intelligent Banking Era' and the move to intelligent, data-driven banking transformation.
HNB Life PLC (HASU.N0000) signed a Memorandum of Understanding with Pan Asia Banking Corporation PLC (PABC.N0000) to expand distribution of HNB Life's insurance solutions through Pan Asia Bank's network, strengthening their bancassurance partnership and customer access across Sri Lanka.
Colombo Stock Exchange rose: ASPI +0.33% to 21,395.11 and S&P SL20 +0.40% to 6,007.23, with turnover Rs 2.45 bn. Top gainers included Haycarb, Royal Ceramics, Dipped Products, Access Engineering and Dialog Axiata; HNB, Pan Asia, DFCC and SANASA Development Bank were laggards. Maharaja Foods issued an addendum setting an EGM on Sep 25, 2026 for its proposed scrip dividend.
The Colombo market fell for a fourth straight session as the ASPI closed down 0.05% (10.95 pts) at 21,405.62 with turnover over Rs.1.5bn and foreign net outflows of Rs.24.8m. SAMP, BREW, BUKI, JKH and CDB weighed on the index while MELS, SPEN, DIAL, CFIN and HARI were among gainers; banking led turnover.
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