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Sampath Bank Rs.5bn debt issue oversubscribed

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27 November 2013 08:39 am - 0     - {{hitsCtrl.values.hits}}

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Samapth Bank PLC yesterday said its Rs.5 billion debenture issue was oversubscribed and the issue would close at 4.30 p.m.

The bank issued 50 million debentures of five-year tenor in two tranches, each at Rs.100.

Fitch Ratings rated Sampath Bank’s debt issue at ‘A+(lka)’, one notch below the bank’s national rating.

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