Industry Analysis

Sampath Bank to Raise Rs. 10 Billion via Basel III Compliant Debentures

  • August 12, 2024

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

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Industry Analysis

Ceylon Tea Traders’ Charity Auction Raises Over Rs.46 Million

  • July 25, 2024

The Ceylon Tea Traders Association (CTTA) held a successful charity auction last evening, raising more than Rs.46 million. This event, coinciding with the Colombo International Tea Convention Conference 2024, is set to support the Colombo Tea Traders’ Charity Trust. CTTA Chairman Sanjaya Herath highlighted that the funds will be used specifically to enhance educational standards

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