Hatton National Bank PLC (HNB) has announced the successful oversubscription of its debenture issue aimed at raising Rs. 12 billion. The bank offered Basel III compliant, Tier 2, listed, rated, unsecured, subordinated, redeemable debentures with a non-viability conversion feature, priced at Rs. 100 each. The issue included 120 million debentures with 5-year (2024/2029), 7-year (2024/2031),
Fitch Ratings has assigned Hatton National Bank PLC (HNB, A(lka)/Stable) a final National Long-Term Rating of ‘BBB+(lka)’ for its proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures, amounting up to Rs 12 billion. This final rating aligns with the expected rating assigned on April 4, 2024, following the receipt of documents confirming previously received information.
July ended with a market turnover of LKR 4.0 billion as indices closed in the red due to price losses in key counters such as John Keells Holdings, Sampath Bank, and Melstacorp. The total turnover crossed Rs. 3.9 billion, with notable crossings in Overseas Realty accounting for 74.0% of the turnover. Mixed interest was observed