Rs. 10 b Sampath Green Bond issue oversubscribed

Monday, 20 July 2026 05:21 - - {{hitsCtrl.values.hits}}

Sampath Bank PLC said its Basel III-compliant Tier 2 Green Bond issue was oversubscribed after receiving applications exceeding Rs. 10 billion, prompting the offer to close early in line with the prospectus.

On Friday, the bank said it had received applications for more than Rs. 10 billion under the listed, rated, unsecured, subordinated, redeemable Green Bond issue with a non-viability conversion feature.

The offer comprised an initial issue of up to 70 million Basel III-compliant Tier 2 Green Bonds at a par value of Rs. 100 each to raise up to Rs. 7 billion. The bank also retained the option to issue a further 30 million Bonds to raise an additional Rs. 3 billion in the event of an oversubscription, taking the maximum issue size to Rs. 10 billion.

Following the oversubscription, Sampath Bank said the issue closed at 4:30 p.m. on 17 July. The bank added that the basis of allotment will be announced to the Colombo Stock Exchange in due course.