The Bank says, it has decided to close the debt issue at Rs. 1.5 billion without exercising the option to raise a further Rs. 1 billion.
Sampath Bank is issuing 1.5 million Unsecured Subordinated Redeemable Debentures.
In a report released by a rating agency in an earlier occasion, said that the Bank’s debenture issue is aimed at strengthening its Tier 2 capital base and improving maturity mismatches.
Established in 1986, Sampath Bank is Sri Lanka’s fifth-largest licensed commercial bank, accounting for 6% of sector assets as at end-2011.