Sri Lanka’s Sampath Bank to raise Rs7bn from listed debenture


Nov 04, 2015 (LBO) – Sri Lanka’s Sampath Bank is to raise 7.0 billion rupees from a listed debenture issue, the bank said in a stock exchange filing.

The bank has decided to issue 50 million debentures at 100 rupees each with an option, to issue up to a further 20 million debentures in the event of over subscription, subject to the necessary regulatory approvals.

The subscription list will be open on 12 November 2015 and the bank’s corporate finance department is managing the debt issue.