Sampath Bank PLC proudly announces its participation in a significant financial milestone, contributing to the $750 million senior unsecured syndicated term loan facility for the State Bank of India (SBI), facilitated by Mashreq, one of the leadingfinancial institutions in the MENA region. This collaboration highlights Sampath Bank’s commitment to supporting strategic international financing initiatives.
The facility, initially launched at $350 million in May 2024, attracted strong global interest,
leading to its upsizing to $750 million. These funds will support the general corporate needs of
State Bank of India (SBI), the nation’s largest financial institution, bolstering its capacity to drive
economic growth and stability.
Speaking on the decision to participate, Mr Amal Kirihene, Senior DGM – Corporate Banking
from Sampath Bank PLC stated, “Our involvement in this syndicated loan aligns with our
strategic objectives to enhance our investment portfolio while securing strong returns. Given the
current political climate and our expectations of credit growth, this three-year loan offers a
promising opportunity for us to lend to a highly reputable institution like SBI. Our prior
experiences with long-term financing in other regions have equipped us to navigate this
commitment with confidence.”
Mashreq, serving as the Sole Global Coordinator, Mandated Lead Arranger, and Bookrunner,
played a pivotal role in bringing together leading financial institutions from across the globe. The
transaction was also joined by prominent banks including Saudi National Bank and Banque
MISR.
Sampath Bank’s participation in this landmark transaction exemplifies its proactive approach in
seizing opportunities within the international financial landscape, further solidifying its position
as a key player in cross-border financing.