Sampath Bank’s Rs.6 bn subordinated debenture issue was successfully oversubscribed on the opening day in a strong expression of investor confidence. Applications over the value of Rs.6 billion was received, exceeding the initial 40 million debentures plus the additional 20 million debentures on offer. The issue was closed on the opening date itself. (6 June 6,2016).
A Sampath Bank spokesman said “We are pleased with the overwhelming response for this debenture issue as it highlights the positive investor confidence in our Bank”
The issue drew investors from a large cross section of investors ranging from retail investors to Corporates, Pension and Trust Funds and Insurance Funds to name a few.
Funds raised via this debenture will be utilized to strengthen the bank’s Tier II Capital and finance the asset growth of the Bank.
www.dailynews.lk
A Sampath Bank spokesman said “We are pleased with the overwhelming response for this debenture issue as it highlights the positive investor confidence in our Bank”
The issue drew investors from a large cross section of investors ranging from retail investors to Corporates, Pension and Trust Funds and Insurance Funds to name a few.
Funds raised via this debenture will be utilized to strengthen the bank’s Tier II Capital and finance the asset growth of the Bank.
www.dailynews.lk
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