Sampath Bank  intends to sell Rs10 billion in Tier II debt.

Sampath Bank said it is planning to sell up to 10 billion rupees in Basel II compliant debt to boost capital.

The Board of Directors had decided to sell 50 million 100 rupee 5-year debt subject to regulations.

If the initial issue is oversubscribed, a second tranche of 2 million debentures and a third tranche of 3.0 million  would be issued to raise another 5.0 billion rupees.

The debt would be rated, listed and converted under Base III rules.

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