ECONOMYNEXT – Sri Lanka’s Sampath Bank said it plans to issue up to 200 million debentures to raise a total of 20 billion rupees. The Basel III compliant-Tier 2, listed, rated, unsecured, subordinated, redeemable debentures and/or Green and/or Sustainability Bonds with a non-viability conversion feature will be issued at 100 rupees each. The debentures will be issued in one or more issuances within two years from the date of obtaining shareholder approval at an Extraordinary General Meeting, the bank said. “The structure of the issuance, type of debentures/ bonds to be issued, coupon rates, frequency of interest payments, and other…
Sri Lanka’s Sampath Bank to raise Rs20bn in debenture sale
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