Sampath to list debentures tomorrow

9 December 2013 04:28 am - 0 - {{hitsCtrl.values.hits}}

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Debentures of Sampath Bank will be listed on Colombo bourse’s Main Board tomorrow.

Samapth raised Rs.5 billion in a five-year debenture issue, issuing 25 million rated, unsecured, subordinated, redeemable debentures at Rs.100 each with an option to issue a further equal amount in the event the first tranche is oversubscribed.

The issue was rated ‘A+(lka)’ by Fitch Ratings, one notch below the bank’s ‘AA-(lka)’ national rating. The bank issued two types of 5- year debentures where interest are paid semi-annually (13 percent) and annually (13.40 percent).

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Sampath to list debentures tomorrow

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