Sampath Bank Rs.5bn debt issue oversubscribed

27 November 2013 08:39 am

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.