Commercial Bank of Ceylon PLC announced an Initial Issue of (60,000,000) Basel III Compliant - Tier 2 Listed Rated Unsecured subordinated redeemable debentures with a Non-viability conversion feature, at the par value of LKR 100 each to raise Sri Lankan Rupees six billion (LKR 6,000,000,000) with an option to issue upto a further sixty million (60,000,000) of said debentures to raise upto a further Sri Lankan Rupees six billion (LKR 6,000,000,0000) at the discretion of the Bank, in the event of an oversubscription of the initial issue.