Sampath Bank has announced plans to raise up to Rs. 10 billion via Basel III compliant, tier 2, listed, rated, unsecured, subordinated, redeemable five-year debentures with a non-viability conversion feature. The bank’s Board approved the initial issuance of 50,000,000 debentures at a par value of Rs. 100 each to raise Rs. 5 billion. There is
Sri Lanka’s rupee strengthened to 300.80/301.05 against the US dollar on Thursday, compared to 301.55/65 on Wednesday, according to market dealers. Concurrently, bond yields saw an increase across various maturities. A bond maturing on 15th December 2026 closed at 10.95/11.10 percent, up from 10.80/11.05 percent. The yield for a bond maturing on 15th December 2027
Sri Lanka’s rupee held steady at 303.60/65 to the US dollar on Thursday, according to dealers. The currency was nearly unchanged from Wednesday’s close of 303.55/65. Bond yields remained broadly stable following the central bank’s policy rate cut, while stocks saw a slight increase. In the secondary bond market, yields showed minimal movement. A bond
On Wednesday, Sri Lanka’s rupee strengthened to 303.55/65 against the US dollar, compared to 303.70/80 on Tuesday. In addition, bond yields saw a decline across various maturities. A bond maturing on December 15, 2026, closed with a yield of 10.30/45%, down from 10.40/50%. The bond maturing on December 15, 2027, ended at 11.60/70%, a decrease
Sri Lanka’s rupee strengthened to 303.70/80 against the US dollar on Tuesday, up from 304.00/20 the previous day, according to dealers. Meanwhile, bond yields remained largely stable. Key bond yields are as follows:
Sri Lanka’s rupee strengthened to 303.15/30 against the US dollar on Monday, according to dealers. The currency had closed at 303.55/65 on Friday. Bond yields remained largely steady, while equities saw a slight decline of 0.02 percent. In the secondary bond market, the yield for the bond maturing on December 15, 2026, was quoted at
Sri Lanka’s rupee opened flat at 303.80/304.10 to the US dollar on Thursday, maintaining the same level as the previous day’s close of 303.80/304.00. Meanwhile, bond yields dropped and stocks saw a slight increase of 0.16 percent. In the secondary bond market: In the stock market, Colombo’s All Share Price Index opened 19.09 points higher
Sri Lanka’s rupee started stronger against the US dollar at 300.60/90 on Monday, marking a positive opening in the financial markets. Bond yields saw a decrease, while equities showed gains in early trading. On Friday, the rupee closed at 301.70/302.00 against the greenback. In the secondary market, bond yields were observed to be lower: In
Sri Lanka Insurance (SLIC) capped off a successful year in 2023, demonstrating resilience and strong financial performance despite facing internal changes and challenging economic conditions. The company achieved a pre-tax profit of Rs. 10.6 billion, reflecting a significant 7.2% growth in Gross Written Premium (GWP) to Rs. 44.2 billion. SLIC’s commitment to policyholders remained unwavering
The Colombo Stock Exchange experienced a day of net foreign outflow and profit booking by local investors, leading to a decline in key indices. The year-to-date net foreign outflow surpassed Rs. 8 billion, with yesterday contributing Rs. 2.9 billion on account of LOLC Finance. A significant block of LOLC shares traded off-board, pushing the overall