Fitch Rates Sampath Bank's Proposed Basel III Subordinated Debentures Final 'A(lka)'
Executive Intelligence Dispatch
Fitch Ratings has assigned Sampath Bank PLC's (AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR10 billion a final National Long-Term Rating of 'A(lka)'. The proposed debentures,...
Key Facts & Findings
- —Fitch Ratings has assigned Sampath Bank PLC's (AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR10 billion a final National Long-Term Rating of 'A(lka)'.
- —The proposed debentures, which will mature in five and seven years, will be listed on the Colombo Stock Exchange.
- —The bank plans to use the proceeds to [].
Crucial for fiscal stability, CBSL monetary directives, market liquidity, and trade continuity.
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Fitch Rates Sampath Bank's Proposed Basel III Subordinated Debentures Final 'A(lka)'
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