📈 Sampath Bank to Raise Rs 10 Bn via Basel III Debenture Issue

• Banking & Finance: Sampath Bank PLC announced plans to raise up to Rs 10 Bn through a Basel III-compliant debenture issue to strengthen its capital base. • Issue Details: • Instrument: Up to 100 Mn listed, rated, unsecured, subordinated, redeemable 5-year (2026/2031) and 7-year (2026/2033) debentures at Rs 100 each. • Structure: Initial issue of 70 Mn debentures, with an option to issue an additional 30 Mn in case of oversubscription. • Features: Includes a non-viability conversion feature as required under Basel III guidelines. • Credit Rating & Approvals: Fitch Ratings has assigned a rating of A(lka) to the proposed debenture issue. The Colombo Stock Exchange (CSE) has granted approval for the listing. • Key Dates: Subscription list opens on October 20, 2026.