Fitch rates Sampath Bank’s subordinated debt A(lka)(EXP)

‘s subordinated debt A(lka)(EXP)

Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Stable) proposed Basel II-compliant subordinated debentures an expected National Long-Term Rating of ‘A(lka) (EXP)’. The issuance is to total LKR6bn, with the debentures to mature in five years and carry fixed and floating coupons. The debentures are to be listed on the Colombo Stock Exchange. Sampath Bank plans to use […]