Sampath Bank to raise Rs. 10 b via debentures

Tuesday, 11 March 2025 02:38 - - {{hitsCtrl.values.hits}}

Sampath Bank is to raise a maximum of Rs. 10 billion via a Basel III compliant debenture issue.

It will have an initial issue of up to 50 million Basel III Compliant – Tier 2 Listed Rated Unsecured

Subordinated Redeemable 5-year Debentures (2025/30) with a Non-Viability Conversion feature, at a par value of Rs. 100 each bearing a fixed interest rate of 11.75% p.a. payable annually (AER 11.75%), with an option to issue up to a further 20 million debentures at the discretion of the bank in the event of an oversubscription of the initial issue and a further option to issue up to a further 30 million debentures at the discretion of the bank in the event of oversubscriptions.

The official opening of the issue is 18 March.