Sampath Bank to raise up to Rs. 10 bn via Green Bond issue

Sampath Bank PLC has received approval in principle from the Colombo Stock Exchange (CSE) to list its Basel III Compliant Tier 2 Listed Rated Unsecured Subordinated Redeemable Green Bonds with a Non-Viability Conversion feature.

The Bank will initially issue up to 70 million Green Bonds with a face value of Rs. 100 each, comprising 5-year (2026–2031) and 7-year (2026–2033) maturities.

The Bank also has the option to issue a further 30 million Green Bonds in the event of an oversubscription of the initial issue.

Through the offering, Sampath Bank aims to raise up to a maximum of Rs. 10 billion. The funds raised will strengthen the Bank's Tier 2 capital base while supporting eligible green financing initiatives in line with its sustainable finance strategy.