COLOMBO (EconomyNext) – Sri Lanka’s National Development Bank said its 7.5 billion rupee debenture issue was oversubscribed during the early hours of the opening day, Wednesday.
It received applications for over 10 billion rupees, a stock exchange filing said.
The bank offered 75 million unsecured subordinated debentures with a par value of 100 rupees each with an option to issue another 25 million more if oversubscribed.
NDB Investment Bank acted as the financial advisors and managers to the debenture issue which was rated A+ (lka) by Fitch Ratings Lanka Limited.
It received applications for over 10 billion rupees, a stock exchange filing said.
The bank offered 75 million unsecured subordinated debentures with a par value of 100 rupees each with an option to issue another 25 million more if oversubscribed.
NDB Investment Bank acted as the financial advisors and managers to the debenture issue which was rated A+ (lka) by Fitch Ratings Lanka Limited.
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