CSE approves Sampath Bank’s Rs6bn Basel III compliant debt issue

Dec 11, 2017 (LBO) – Colombo Stock Exchange has approved in principle an application for listing the Basel III compliant debt securities of Sampath Bank. Sampath Bank said it is expected to raise 6 billion rupees by the issue of 60 million debentures at 100 rupees each.

The allotment and secondary trading of this 5 year debenture is limited to qualified investors, Sampath Bank further said. Subscription list will be open on 15th December 2017.

Sampath Bank’s Corporate Finance Department is managing the issue.

Related: Shareholders approve Sampath Bank’s Basel III compliant debt issue