Debt Sale

Nov 13, 2013 (LBO) – Sri Lanka’s National Development Bank said it was planning a junior debt sale of up to 10 billion rupees. The bank wanted to sell 5.0 billion rupees in unsecured subordinated redeemable debt with an option to sell a further 5.0 billion rupees.

There has been a spate of listed debt issues this year due to tax breaks. NDB was earlier expected to go for an overseas debt sale.