Sampath Bank secures US$ 45mn from banks in Middle East, South Asia

15 June 2020 12:26 am - 0     - {{hitsCtrl.values.hits}}

A A A

Alpen Capital Senior Director, Dilip Samanthilaka with Sampath Bank Managing Director Nanda Fernando and Group Chief Financial Officer Ajantha De Vas Gunasekara

 

  • The amount was disbursed in March and was first tranche of US$ 100mn signed facility
  • UAE-based investment banking firm Alpen Capital acted as sole financial advisor to the deal 
  • The bank to utilise funds to support ongoing business and growth requirements

Sampath Bank PLC, one of Sri Lanka’s leading commercial banks, has successfully raised US$ 45 million via a medium-term syndicated facility.


The amount was disbursed in March 2020 and it was the first tranche of a US$ 100 million signed facility. It is envisaged that the second tranche would be raised during the fourth quarter of this year. 


The facility was provided by a consortium of banks in the Middle East and South Asia. Alpen Capital (ME) Limited, an investment banking advisory firm based in the UAE, acted as the sole financial advisor to the transaction. 
Sampath Bank will be utilising the funds to support its ongoing business and growth requirements. 


“We are delighted to announce that we have been successful in raising funds, especially during these difficult times, from the Middle Eastern and South Asian markets. I would like to thank the funding banks for supporting our growth strategy and our advisors, Alpen Capital for facilitating this transaction,” Sampath Bank Managing Director Nanda Fernando said.


“Sri Lanka is a very important market for Alpen Capital. We are extremely proud to support Sampath Bank PLC in its funding requirements. There exist many synergies between the GCC and South Asian markets and given our expertise in this space, we are able to successfully connect our clients with the right opportunities,” said Rohit Walia, Executive Chairman, Alpen Capital (ME) Limited.


Alpen Capital (ME) Limited is incorporated as a limited liability company in the Dubai International Financial Centre, Dubai, United Arab Emirates and is licensed by the Dubai Financial Services Authority. 


Alpen Capital offers a full range of investment banking advisory services in the areas of M & A, debt, equity and capital markets to some of the largest business conglomerates and financial institutions in the GCC and South Asia. Apart from the UAE, it has offices in Qatar, Oman and India.

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




ANYTHING FOR MONEY

Some unregulated online lenders are remotely taking control of phones of thos

Frontline cops charge negligence by high-ups worsened police cluster

The police have done an invaluable service in the frontlines to combat the CO

US Vice President-Elect Kamala Harris’s Key Sri Lankan Tamil Aide

An overwhelming feeling of relief has descended upon the world-not merely th

The virus may be spreading much faster than official data suggest

The daily case reports from the Epidemiology Unit are the only data we have t

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.