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

Sampath-Bank

Nov 04, 2015 (LBO) – Sri Lanka’s Sampath Bank is to raise 7.
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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.
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The subscription list will be open on 12 November 2015 and the bank’s corporate finance department is managing the debt issue.
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