Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka's Sampath Bank to raise USD 100 mn through listed debentures in Singapore
Sun, Jul 8, 2018, 10:35 am SL Time, ColomboPage News Desk, Sri Lanka.

July 08, Colombo: Sri Lanka's Sampath Bank is planning to go to the Singapore Stock Exchange with a USD 100 million debenture issue subject to regulatory approval, the bank announced in a Stock Exchange filing on Friday.

The debentures are to raise Basel 111 compliant Tier 2 capital, the announcement said.

In the past few months Sampath floated two fully subscribed rights issues under the first of which shareholders were offered one new share for every six shares they held at Rs. 245 per share and the second under which, three new shares were offered for every 13 shares held at Rs. 250 per share.

Shareholders applying for additional shares in the first rights issue were allotted up to 9,000 shares and up to 2,000 shares in the second issue.

Sampath Bank last year completed a Rs. 6 billion debenture issue listed on the CSE which was fully subscribed.

 

ColomboPage - Recent 10 Stories ::
No decision to remove army camps in North - PM
-- [4 hours ago]
Sri Lanka introduces new variety of rice to help prevent diabetes
-- [6 hours ago]
President to fill water to Kalu Ganga reservoir of the Moragahakanda-Kalu Ganga multi-purpose irrigation project today
-- [7 hours ago]
Hayleys Advantis wins gold at CILT Logistics Excellence Awards
-- [8 hours ago]
Model village uses GPS technology for agriculture development
Sri Lanka in discussions with GGGI to mobilize climate finance for climate resilient projects
Sri Lanka PM encourages entrepreneurs in North with tax concessions to uplift local economy
Sri Lanka confirms appointment of former Secretary to the President Austin Fernando as envoy to India
Sri Lanka plans to settle Iran oil dues with tea - report
Deputy Minister takes wasting fruits and vegetables to elephants at detention center

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.