Sampath Bank plans up to Rs. 10 b Basel III Tier 2 debenture issue

Monday, 17 August 2026 04:53 - - {{hitsCtrl.values.hits}}

Sampath Bank PLC has announced plans to raise up to Rs. 10 billion through a Basel III-compliant Tier 2 listed debenture issue, as part of a previously approved Rs. 20 billion capital-raising program.

The bank’s Board has decided to issue up to 70 million rated, unsecured, subordinated and redeemable debentures with five- and seven-year tenures and a non-viability conversion feature, raising Rs. 7 billion.

In the event of oversubscription, the bank has the option to issue a further 30 million debentures to raise an additional Rs. 3 billion, taking the maximum issue size to Rs. 10 billion.

The proposed issue will be Sampath Bank’s second under shareholder approval obtained at its Annual General Meeting on 30 March 2026 to raise up to Rs. 20 billion through one or more debenture issues within two years of the approval.