NDB Investment Bank (NDBIB), raised a mammoth LKR 60Bn in debt and equity capital for its valued clients during the year 2015. This is an all-time high for NDBIB surpassing the previous high of LKR 42 Bn achieved in 2013. NDBIB's stellar performance amidst volatile market conditions provides ample testimony to its prowess and leadership in both debt and equity capital markets in Sri Lanka.
Commenting on the successful year, Darshan Perera, CEO of NDBIB, stated "The record performance of NDBIB in 2015 is a direct result of the strength and quality of the team that has been built over the years. NDBIB is proud to have set the benchmark in investment banking in the country and will continue to improve capabilities to better serve our clients".
Heightened level of activity in the debt capital markets were a significant catalyst to NDBIB's performance, particularly in the listed corporate debenture space where NDBIB recorded a 55% market share raising over 46 Bn in 2015. NDBIB also acted as financial advisor and arranger to a syndicated loan facility to finance a luxury resort project in the Maldives amongst its other debt raising initiatives.Furthermore, Resus Energy undertook an exercise to restructure its balance sheet in order to unlock shareholder value via a leveraging and share repurchase exercise utilising NDBIB's advisory expertise. NDBIB also acted as a joint manager to the largest IPO to be carried out on the CSE in 2015 raising LKR 750 Mnfor People's Insurance with healthy levels of investor appetite. Performance was also boosted by activities in the M&A space where NDBIB advised on two transactions valued at approximately USD 33 Mn.
Ms. Kaushini Laksumanage, COO of NDBIB, mentioned "Year 2015 has been a volatile one and we're proud about being able to successfully raise record levels of capital for our clients. We have worked diligently and very closely with our clients to capture the most optimum market window to execute transactions amidst all the volatility". (NDBIB)
Commenting on the successful year, Darshan Perera, CEO of NDBIB, stated "The record performance of NDBIB in 2015 is a direct result of the strength and quality of the team that has been built over the years. NDBIB is proud to have set the benchmark in investment banking in the country and will continue to improve capabilities to better serve our clients".
Heightened level of activity in the debt capital markets were a significant catalyst to NDBIB's performance, particularly in the listed corporate debenture space where NDBIB recorded a 55% market share raising over 46 Bn in 2015. NDBIB also acted as financial advisor and arranger to a syndicated loan facility to finance a luxury resort project in the Maldives amongst its other debt raising initiatives.Furthermore, Resus Energy undertook an exercise to restructure its balance sheet in order to unlock shareholder value via a leveraging and share repurchase exercise utilising NDBIB's advisory expertise. NDBIB also acted as a joint manager to the largest IPO to be carried out on the CSE in 2015 raising LKR 750 Mnfor People's Insurance with healthy levels of investor appetite. Performance was also boosted by activities in the M&A space where NDBIB advised on two transactions valued at approximately USD 33 Mn.
Ms. Kaushini Laksumanage, COO of NDBIB, mentioned "Year 2015 has been a volatile one and we're proud about being able to successfully raise record levels of capital for our clients. We have worked diligently and very closely with our clients to capture the most optimum market window to execute transactions amidst all the volatility". (NDBIB)
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