Listed debenture of HNB oversubscribed

Oct 25, 2016 (LBO) – The listed debenture issue of Hatton National Bank PLC was oversubscribed during the early hours of the opening day, the Colombo Stock Exchange said.

The debenture issue of HNB was for 5 billion rupees with a option to go up to 6 billion rupees and was rated A+ (lka) by Fitch Ratings Lanka, the statement said.

NDB Investment Bank acted as the lead managers to the debenture issue whilst Acuity Partners acted as the co-managers.