NDB Debenture Issue 2015 – Oversubscribed! 17 June 2015, Colombo - NDB already having structured and placed the largest Corporate Debenture Issue to be listed on the Colombo Stock Exchange, today saw another similar sized debenture being successfully oversubscribed and closed on the opening day itself. The Rated Unsecured Subordinated Redeemable Debentures with a face value of Rs.100/- each, amounting to LKR 10 Billion with a 5 year tenure was assigned a rating of ‘A+ (lka)’ by Fitch Ratings Lanka Limited. The issue was managed by Group’s investment banking arm, NDB Investment Bank (NDBIB) and will be listed on the Colombo Stock Exchange. NDBIB is the foremost investment bank in Sri Lanka and a two-time recipient of the prestigious Euromoney award for excellence. NDB decided to exercise the option to accept further 25 Million debentures in addition to the initial issue of 75 Million debentures issuing a total of 100 Million debentures. The debenture issue had two types; Type A being a “plain vanilla’ coupon paying debenture whilst Type B being a “Zero Coupon” debenture, first of its kind to be listed on the CSE, demonstrating NDBIB’s quest to introduce innovative financial structures/products to the Capital Market of Sri Lanka. Majority of Type B debentures were grabbed by provident funds and insurance funds. There was a significant corporate and retail participation for this debenture and total applications received exceeded LKR 13 Billion. Commenting on the successful execution of the debenture issue, Chief Executive Officer of NDB, Mr. Rajendra Theagarajah said, “We are truly delighted with the response received for this debenture issue, which is a reflection of the continued trust placed in NDB by the investor community. The proceeds of this debenture issue will enhance the Tier 2 capital base of the Bank and would enable us in turn to stimulate the envisaged growth of NDB during the next 1-2 years.” NDB is one of the fastest growing banks in the country with NDB Group having regional operations in Bangladesh. The Bank offers a wide range of commercial banking services through its growing islandwide branch network – which is expanding in tandem with the bank’s growth in commercial banking operations. Through the combined synergies of the diverse constituents of the NDB Group, its customers have access to a full range of banking and financial services; including project finance, corporate banking, SME lending, retail banking, investment banking, stock brokering and wealth management solutions making NDB a truly Universal Bank. Further validating the NDB’s universal banking excellence, NDB was pronounced as the ‘Best Bank in Sri Lanka’, under the Emerging Market Banks’ awards in Asia Pacific 2015 by the prestigious Global Finance magazine of USA.
NDB Debenture Issue 2015 â Oversubscribed! - NDB Bank
Jun 17, 2015 - The issue was managed by Group's ... Bangladesh. The Bank offers a wide range of commercial banking services through its growing island-.
Jun 17, 2015 - corporate and retail participation for this debenture and total applications received exceeded LKR 13. Billion. ... banking excellence, NDB was pronounced as the 'Best Bank in Sri Lanka', under the Emerging Market.
anticipated and severe competition posed by a large number of banking and non- banking institutions. The macro-economic outlook also carries uncertainty with.
NDB recently launched its Business Banking Unit which includes a new ... agency to channel credit lines from international sources, and financing over 150,000 ...
Loans and receivables to customers grew at the same pace of 3%, reflecting ... through competitive and innovative product offerings and excellent customer service. ... all customer segments such as individuals, micro business ventures, small.
Jul 1, 2015 - The NDB team comprises of Mr. Faizan Ozman â Group CFO, Mr. Niran Mahawatte â Vice President. Treasury, Mr. Gehan Biyanwila â Assistant ...
NDB Ties up with WNPS to Educate Children on Nature Conservation ... of students from these societies to visit a National Park, Forest Reserve or other place.
NDB Bank to Become First Sri Lankan Company to Receive Global Gender Equality. Certification. NDB Bank recently announced that it is the first Sri Lankan ...
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PricewaterhouseCoopers, KPMG, Deloitte Consulting and Ernst and Young Advisory LLP. ... of customised commercial banking solutions geared to fulfil personal, business, ... technology that enables efficient delivery, have given us significant ...
informative and independent news for the global banking and finance industry. NDB remains ... accessible through its growing branch network. Further details ...
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Building, renovating or buying your dream home or land is overwhelming especially when it comes to the current market rate. Many individuals opt for a home ...
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Furthermore, NDB partnered with Sri Lanka's premier living in style ... network. Further details on NDB's many products and services can be obtained from its 24.
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Children are the future, most importantly for the future existence of the Natural. World as we know it today. There have been no 'good old days' in the history of.
NDB Leasing Provides Leasing Facilities to Hybrid and Electric Vehicle Segments. Caption: ... services that is accessible through its growing branch network.
