📈 Sampath Bank Allots 80% of Rs. 10 Bn Debenture Issue to Preferred Investors

Sampath Bank PLC has finalized the allotment for its Rs. 10 billion debenture issue, exercising the option to issue an additional 30 million debentures above the initial 70 million base offer. • Overall Issue Details: Total allotment of 100 million Basel III-compliant Tier 2 debentures at Rs. 100 each. The instruments consist of 5-year (2026/2031) and 7-year (2026/2033) tenures featuring a non-viability conversion mechanism. • Allotment Breakdown: • Preferential Allocation: 80% (80 million debentures, worth Rs. 8 Bn) allotted to identified qualified investors under prospectus provisions. • General Qualified Investors: 20% (20 million debentures, worth Rs. 2 Bn) allocated to other qualified investors. • Allocation Basis for General Applicants: • Applications up to 50,000 Type A and Type B debentures receive 100% allocation. • Applications above 50,000 debentures receive 50,000 debentures plus 45.15% of the remaining balance (rounded to the nearest 100). • Governance: Allotment decision approved by the Special Management Committee following Board authorization granted on 12 August 2026. The capital raise strengthens the bank's Tier 2 capital base within Sri Lanka's banking & financial services sector.