Ocean Lanka (Pvt) Ltd celebrated the dedication and long-term contributions of 106 employees at its Sewa Abhiman Loyalty Awards 2026, recognising the individuals who have played an important role in the company’s development over the past three decades.
The awards honoured 49 employees for completing 10 years of service, another 49 for reaching 20 years, and eight employees for completing 30 years with the organisation. Held in conjunction with Ocean Lanka’s 30th anniversary, the event marked a significant milestone, with the company recognising employees who have served for three decades for the first time.
The eight long-serving employees hold a special place in Ocean Lanka’s history, having been part of the organisation since its early years. Their achievements reflected years of commitment, experience and dedication that have contributed to the company’s growth. Alongside their colleagues recognised for 10 and 20 years of service, they represent the collective strength and commitment that have supported Ocean Lanka’s progress.
Employees across various departments have contributed to maintaining operational standards, strengthening business processes and sharing their knowledge and expertise with colleagues. As one of Sri Lanka’s leading weft-knitted fabric manufacturers, Ocean Lanka has continued to expand its capabilities through investments in technology, innovation and responsible manufacturing practices.
Throughout this journey, the expertise and commitment of its workforce have remained essential to serving the apparel industry and adapting to evolving customer requirements.
The Sewa Abhiman Loyalty Awards provided an opportunity to acknowledge and celebrate these contributions. Beyond recognising years of service, the ceremony paid tribute to the teamwork, dedication and sense of responsibility demonstrated by employees, as well as the lasting professional relationships they have built during their time with the company.
BOC to Launch Its Largest-Ever Debenture Issue on November 3, 2026
Bank of Ceylon (BOC) is set to achieve a significant milestone in Sri Lanka’s capital market with the launch of the country’s largest-ever listed debenture issue, offering a maximum issue size of LKR 30 billion from November 3, 2026.
The Bank plans to raise an initial LKR 10 billion, with the flexibility to increase the amount to LKR 20 billion if the initial tranche is oversubscribed. A further option allows the total issue size to reach LKR 30 billion, establishing a new benchmark for listed debenture offerings in Sri Lanka.
The proposed issue comprises Basel III-compliant Tier 2 listed, rated, unsecured, subordinated and redeemable debentures featuring a non-viability write-down mechanism. The debentures have received an AA (Stable) issue rating from Lanka Rating Agency, while BOC holds an issuer rating of AA-(lka)/Stable from Fitch Ratings Lanka Ltd. With five-year and seven-year maturity options, the offering provides medium- to long-term fixed-income investment opportunities.
The issue is available to qualified investors, with a minimum subscription of LKR 10,000 for qualified investors and LKR 5 million for individual investors.
Designed to accommodate different investment preferences, the debenture issue offers four investment options. The five-year debentures carry a fixed annual coupon rate of 12.75%, or a floating rate of 1.50 percentage points above the applicable 12-month Treasury Bill rate. For the seven-year debentures, investors can choose a fixed annual coupon rate of 13.00% or a floating rate of 1.75 percentage points above the applicable 12-month Treasury Bill rate.
BOC, a Corporate Finance Advisor licensed by the Securities and Exchange Commission of Sri Lanka, has exclusively structured and managed the Basel III debenture issue through its Investment Banking Division. The division brings extensive expertise in developing innovative capital-market instruments.
The initiative follows the Bank’s pioneering Sustainability Bond issuance, another landmark transaction structured and managed by its Investment Banking Division. Together, these initiatives reflect BOC’s continued commitment to advancing capital-market innovation and supporting the development of sustainable finance in Sri Lanka.
The Bank’s Legal Department will serve as the lawyers to the issue, while its Corporate Branch will act as the bankers. BOC’s Investment Banking Division will also serve as the registrar, with Hatton National Bank PLC appointed as trustee to the proposed issue.
Ocean Lanka Recognises the Loyalty and Dedication of Its Long-Serving Employees
