FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post
Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer

Latest topics

» LLUB=BULL Chevron Lanka Lubricant Target Price Rs 150..
by Thushara Ayya Today at 7:17 am

» BANKING SECTOR
by Thushara Ayya Today at 7:14 am

» Prime Residencies IPO. Over Priced?
by madukp Today at 12:37 am

» SL market is gaining it's momentum despite all threats
by madukp Today at 12:18 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by soileconomy Yesterday at 11:20 pm

» AMF will reach its high again?
by Bakka1988 Yesterday at 11:07 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Captain Yesterday at 10:57 pm

» CAUTION FOR THOSE WHO ARE ABOUT TO BUY MORE
by THUWA Yesterday at 9:20 pm

» Daily Foreign Transactions update
by Pradeep90 Yesterday at 9:04 pm

» R I L PROPERTY PLC (RIL.N0000)
by High-flyer Yesterday at 8:25 pm

» Directors' Dealings 17/06/2021
by SAGA Yesterday at 6:01 pm

» L B FINANCE PLC (LFIN.N0000)
by SAGA Yesterday at 5:37 pm

» COVID WAVES: Can there be another Covid-19 wave in Sri Lanka?
by Wickyz Yesterday at 5:27 pm

» Top Foreign Tradings today - 17/06/2021
by SAGA Yesterday at 5:23 pm

» ‘‘ඔන්ලයින් හරහා අරක්කු බෙදනවාට මා තරයේ විරුද්ධයි‘‘ - රාජ්‍ය අමාත්‍ය
by Wickyz Yesterday at 12:37 pm

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by Eranga87 Yesterday at 11:35 am

» Watch COCR.N
by judecroos Yesterday at 9:17 am

» HATTON NATIONAL BANK PLC
by samansilva Wed Jun 16, 2021 11:14 pm

» LOLC HOLDINGS PLC (LOLC.N0000)
by SAGA Wed Jun 16, 2021 8:57 pm

» Directors' Dealings 16/06/2021
by SAGA Wed Jun 16, 2021 7:33 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute


Submit Post

CHRONICLE ANALYTICS
All Share Index (ASI), S&P, Milanka Price Index (MPI), Moving Averages and all other analytical graphs and charts

Contribute

Twitter Feeds

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sampath Bank showcases Rs. 2.5 b debenture issue as sound investment

Sampath Bank showcases Rs. 2.5 b debenture issue as sound investment

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Sampath Bank is launching a five year debenture worth of Rs. 1.5 billion with an option to increase it by a further Rs. 1 billion if the issue is oversubscribed. The issue will be opened on Thursday 4 October.

The debentures have been rated A + (lka) by Fitch Rating (Lanka) Limited and will be listed on the main board of the Colombo Stock Exchange. This debenture issue is an attractive investment opportunity for investors and general public as it offers three interest rate options to choose from as follows; Fixed interest rate of 15.00% p.a. payable monthly (annual effective rate of 16.08% p.a.); Fixed interest rate of 16.50% p.a. payable annually; Floating interest rate of 2 % above the six months Treasury Bill rate (gross) payable bi-annually.

A total of 15,000,000 unsecured, subordinated redeemable debentures (2012/2017) of Rs. 100 denomination will be on offer with an option to issue a further 10,000,000 if the issue is over-subscribed. The minimum subscription is 100 debentures worth of Rs. 10,000 and any additional subscriptions shall be in multiples of Rs. 5,000. The redemption date would be five years from the date of allotment.

Sampath Bank, which commenced business in 1987, now has a network of 209 branches. The Bank introduced networked ATMs to Sri Lanka for the first time with the popular brand name ‘SET’ and since then numerous innovations have been introduced to Sri Lankan Financial Services as well as to the Asian Region.

Sampath Bank nests 3335 employees who have been branded as ‘Team Sampath’ which is the main thrust and driving force of the bank. “Our highly energetic staff blended with superior technology and the truly Sri Lankan image have been the main ingredients in providing a unique banking experience to customers,” says a Sampath spokesman.

The Bank has a stated capital of Rs 3,540.8 million comprising 162,444,303 shares as at 30 June 2012.
The Bank’s pre-tax profit which rose to Rs. 4,150.6 million in the 1st H 2012, reflected an increase of Rs. 1,345.3 million or 48.0% over the pre-tax profit of Rs. 2,805.3 million for the 1st H 2011. The post –tax profit of the Bank recorded a growth of 40.4 % over the same period of last year, rising from Rs. 1,987.7 million in 2011 to Rs.2,789.8 Mn in 2012.

The growth rates in deposits and total assets during the 1st H 2012 amounted to 12.2% and 14.6 % respectively and compared well with the industry’s growth rates of 9.3% and 13.7%, during the period.
In 2012 rating assessment, considering the healthy asset quality, better compliance, transparency, capital adequacy, internal control systems and processes of the Bank, RAM Ratings Lanka has reaffirmed AA (stable) rating for Sampath Bank, in their rating assessment and the overall credit rating of the Bank’s “AA-”lka (stable) has been affirmed by Fitch Rating Lanka too.

Sampath Group was recognised as the ‘Best Banking Group in Sri Lanka for the year 2012’ at the World Finance Awards presented by World Finance Magazine.

The Bank has a number of subsidiary companies namely, SC Securities (Pvt.) Ltd., Sampath Leasing and Factoring Ltd., Sampath Information Technology Solutions Ltd. with a stake of 100% and Sampath Centre Ltd. and with a shareholding of 97.14%.

Desutshe Bank, Colombo branch will be the Trustees to this issue and SSP Corporate Services (Pvt.)Ltd. will act as the managers and registrars to the issue.

Prospectus and the applications of the Sampath Bank Debenture issue are now available with your stock broker or at any Sampath Bank branch. Further it can be downloaded from the Sampath Bank web site (www.sampath.lk). Sampath Bank invites the public to enjoy maximum benefits from this opportunity.
http://www.ft.lk/2012/09/28/sampath-bank-showcases-rs-2-5-b-debenture-issue-as-sound-investment/

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum