Finance

NDB to Raise Up to Rs 10 Billion Through Debenture Issue in Sri Lanka

  • September 2, 2024

Sri Lanka’s National Development Bank Plc (NDB) has announced plans to raise up to 10 billion rupees through a debenture issue. The bank will offer Basel III-compliant, Tier 2 listed, rated, unsecured, subordinated, redeemable debentures with a non-viability conversion at 100 rupees each. Initially, 50 million of these 5-year debentures will be issued, with the

Read More
Industry Analysis

Sampath Bank to Raise Rs. 10 Billion via Basel III Compliant Debentures

  • August 12, 2024

Sampath Bank has announced plans to raise up to Rs. 10 billion via Basel III compliant, tier 2, listed, rated, unsecured, subordinated, redeemable five-year debentures with a non-viability conversion feature. The bank’s Board approved the initial issuance of 50,000,000 debentures at a par value of Rs. 100 each to raise Rs. 5 billion. There is

Read More