Sri Lanka Samapth Bank to raise up to Rs2.5bn in debt

L to R: Samantha Ranatunga, Chairman, HVA Foods PLC; Jan Müggenburg, Chief Executive Officer, Müggenburg Group; Graham Stork, Chief Executive Officer, HVA Foods PLC; Sarva Ameresekere, Group Chairman, George Steuart & Co. Ltd.

Mar 19, 2012 (LBO) - Sri Lanka's Sampath Bank said it was planning to raise as much as 2.

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5 billion rupees from the sale of debentures which will be quoted on the Colombo Stock Exchange. The bank said in stock exchange filing that it wanted to sell 15 million debentures of 100 rupees each.

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But it would offer another 10 million debentures if the offer was oversubscribed.

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