Prospectus for the Debenture - Asha Phillip Securities Limited - Sri ...

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7 Corporate Management 54 8. Properties 56 9. Statutory & Other General Information 57 9.1 Inspection of Documents 57 9.2 Brokerage 57 9.3 Trustee Fees 57 9.4 Expenses of this Issue 57 9.5 Underwriting 57 9.6 Material Contracts 57 9.7 Litigation, Disputes and Contingent Liabilities 57 Declaration by the Directors 58 Declaration by the Bank 59 Declaration by the Managers to the Issue 59 Extracts from the Bank Of Ceylon Ordinance - Annexure I Trust Deed - Annexure II Rating Report - Annexure III BOC Branch Network - Annexure IV Members and Trading Members of the Colombo Stock Exchange and Custodian Banks- Annexure V Details of Properties - Annexure VI Report of the Auditor General - Annexure VII Financial Statements for the year ended 31 December 2010 - Annexure VIII Five year Summary of the Balance sheet, Profit and Loss Account – Annexure IX Interim Financial Statements Half year ended 30 th June 2011 – Annexure X Director’s Interest in contracts - Annexure XI
1. DEFINITIONS / ABBREVIATIONS AND INTERPRETATIONS In this prospectus the following DEFINITIONS / ABBREVIATIONS and INTERPRETATIONS apply unless the subject or context otherwise requires. BOC /THE BANK : Bank of Ceylon DATE OF ALLOTMENT : The date on which the Debentures will be allotted to the debenture holders in terms of this prospectus. DATE OF CLOSURE OF THE ISSUE : The date on which the issue will be closed which shall be either 15 th December 2011.or such earlier date on which the initial 40,000,000 Debentures are fully subscribed or the date on which the entire 50,000,000 Debentures are fully subscribed or such other earlier date in terms of this prospectus. DATE OF MATURITY : On completion of Five (05) years from the date of allotment of the Debentures. DEBENTURE : All types of Unsecured Subordinated redeemable Five (05) Year Debentures to be issued pursuant to this Prospectus at an Issue price of LKR 100 each. DEBENTURE HOLDERS : The holders of the Debentures for the time being whose names are entered as holders of the Debentures in the Register or whose accounts are deposited with the debentures at the CDS as at the relavent date. DUE DATE OF INTEREST : The dates on which the interest payments shall fall due in respect of the Debentures. Interest payments shall fall due in respect of Debenture of, Type A, annually at the expiry of every One (01) year period from the date of allotment of the Debentures. B O C DEBENTURE PROSPECTUS 1 Type B, bi-annually at the expiry of every Six (06) month period from the date of allotment of the Debentures. Type C, bi-annually at the expiry of every Six (06) month period from the date of allotment of the Debentures. The first of such interest payment shall fall due in respect of Debentures of Type A on the date of expiry of One (01) year and in respect of Debentures of Type B and C on the date of expiry of Six (06) months from the date of allotment of the Debentures, interest payments shall be made by BOC within Five (05) market days from the due dates. The final interest payments in respect of Debentures of Types A, B and C shall be made with the repayment of the Principal sum on the date of maturity/redemption of the debentures. Interest calculation shall be based upon the actual number of days in each interest payment period (Actual/Actual).
Page 2 and 3: ` ISSUE OF 40,000,000 UNSECURED SUB
Page 4 and 5: This Prospectus is dated 15 th Nove
Page 6 and 7: CORPORATE INFORMATION Issuer : Bank
Page 8 and 9: Opening Date : 29 th November 2011
Page 12 and 13: LKR : Sri Lankan Rupees MN : Millio
Page 14 and 15: 2.2 Subscription List Subject to th
Page 16 and 17: Repayment before the maturity of th
Page 18 and 19: 2.12 Listing b. The Debentures shal
Page 20 and 21: c) Only one type of Debentures shou
Page 22 and 23: 3. Any application form, which does
Page 24 and 25: 4. OVERVIEW OF THE BANK Vision of t
Page 26 and 27: Board of Directors Operational Stru
Page 28 and 29: 2006 - Wins IBM/FISERV prize for th
Page 30 and 31: PERFORMANCE SNAPSHOT Total assets v
Page 32 and 33: 4.2 Principal activities The Bank p
Page 34 and 35: Note 01- Details of Debenturs I. Un
Page 36 and 37: (iii) Contingencies and Commitments
Page 38 and 39: Other Accounts Resident Non-Nationa
Page 40 and 41: 4.5 Key Customers and suppliers BOC
Page 42 and 43: 4.8 Employees The permanent staff s
Page 44 and 45: 5. THE BOARD OF DIRECTORS 5.1 The d
Page 46 and 47: Mr. K. L. Hewage ( Director ) Bache
Page 48 and 49: 6. EXTRACTS FROM THE CORPORATE GOVE
Page 50 and 51: c) Identify the principal risks and
Page 52 and 53: (b) In this context, the following
Page 54 and 55: 3 (5) (iii) The Board shall disclos
Page 56 and 57: (l) The Chief Finance Officer, the
Page 58 and 59: (b) The creation of any liabilities
Page 60 and 61:
3 (9) (ii) In respect of the banks
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Opportunities and threats; Risks an
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7. CORPORATE MANAGEMENT NAME DESIGN
Page 66 and 67:
8. PROPERTIES Details of the Proper
Page 68 and 69:
Declaration by the Directors We the
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EXTRACTS FROM THE BANK OF CEYLON OR
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To lend and (e) To lend and advance
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in certain accommodation or that su
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(c) The proceedings and resolutions
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Person acting in his place. Remuner
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NOW THIS DEED WITNESSETH AND IT IS
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shall be notified by BOC to the Col
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(i) As an when Debentures ought to
Page 86 and 87:
In the case of Approved Provident F
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Clause above. In the event BOC defa
Page 90 and 91:
(vi) Whether or not there has been
Page 92 and 93:
14. APPLICATION OF MONIES RECEIVED
Page 94 and 95:
(j) The Trustee shall not be liable
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(iv) The Trustee is in the situatio
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(ii) in order to comply with any of
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B O C DEBENTURE PROSPECTUS 90
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NORTH WESTERN PROVINCE Alawwa 037-2
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MEMBERS AND TRADING MEMBERS OF THE
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TRADING MEMBERS - DEBT First Capita
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Kandy 2 nd City Branch 22, Dalada v
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Nikaweratiya Branch & Managers Quar
Page 112 and 113:
INCOME STATEMENT For the year ended
Page 114 and 115:
STATEMENT OF CHANGES IN EQUITY Bank
Page 116 and 117:
CASH FLOW STATEMENT For the year en
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SIGNIFICANT ACCOUNTING POLICIES 1.
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Transnational Lanka Records Solutio
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Assets and liabilities are translat
Page 124 and 125:
those countries. 3.7.2 Deferred Tax
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Period outstanding Classification r
Page 128 and 129:
4.3.1 Investments in Subsidiaries I
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Freehold Building Over 40 years Off
Page 132 and 133:
‘Investment Property’, in accou
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minimum of ten years of continuous
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6.1.6 Dividend Income Dividend inco
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7. ISLAMIC BANKING POLICIES Islamic
Page 140 and 141:
NOTES TO THE FINANCIAL STATEMENTS F
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NOTES TO THE FINANCIAL STATEMENTS (
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NOTES TO THE FINANCIAL STATEMENTS 1
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NOTES TO THE FINANCIAL STATEMENTS A
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NOTES TO THE FINANCIAL STATEMENTS N
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NOTES TO THE FINANCIAL STATEMENTS S
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NOTES TO THE FINANCIAL STATEMENTS P
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204
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Total revenue 32,767,904 29,537,920
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For the six months ended Stated Cap
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As at 30-Jun-2011 31-Dec-2010 (Audi
Page 218 and 219:
DEBENTURE INFORMATION Description I
Page 220 and 221:
SEGMENTAL ANALYSIS - GROUP Banking
Page 222 and 223:
DIRECTORS’ INTERESTS IN CONTRACTS
Page 224:
DIRECTORS’ INTERESTS IN CONTRACTS
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