Volatility thwarts Sampath Bank bond plans

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By Morgan Davis
03 Oct 2018

Global volatility has caused Sri Lanka’s Sampath Bank to postpone its proposed subordinated dollar bond issue, it said on Tuesday.

The B1 rated bank planned to raise $100m from a Basel III compliant tier two 10 year bond, according to stock exchange filings. But Sampath said on Tuesday, in a new filing, that current market conditions would lead to a relatively high and unattractive price for the bond, ...

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