Sampath Bank PLC has issued 60,000,000 rated, unsecured, subordinated, redeemable debentures with an option to issue up to a further 10,000,000 debentures in the event of an over subscription of the initial issue.
The bank disclosed the reception of applications for over Rs. six billion (Rs.6,000,000,000/-) for the debenture issue by Sampath Bank PLC which closed accordingly on December 05. The initial issue has been oversubscribed.
The objective of this issue was to strengthen the Tier II Capital base of the bank, to match the assets and liabilities duration of Bank’s long term lending portfolio and capitalize the investor interest in listed Debentures and create prominence and awareness among market participants.
www.dailynews.lk
The bank disclosed the reception of applications for over Rs. six billion (Rs.6,000,000,000/-) for the debenture issue by Sampath Bank PLC which closed accordingly on December 05. The initial issue has been oversubscribed.
The objective of this issue was to strengthen the Tier II Capital base of the bank, to match the assets and liabilities duration of Bank’s long term lending portfolio and capitalize the investor interest in listed Debentures and create prominence and awareness among market participants.
www.dailynews.lk
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