Deutsche Bank on Wednesday inked a strategic alliance with Hatton National Bank to offer corporate finance services in Sri Lanka.
The move is similar to a model adopted by Deutsche in India, where they team up with domestic banks to provide services to mid and upper companies, explains R Theagarajah, Senior Deputy General Manager HNB.rn
rnThe alliance is looking at offering services to large-scale infrastructure projects and bluechip companies that have exceeded their exposure through the local capital markets.rn
rnThe pact aims to develop capabilities to offer cross border and international capital raising expertise to Sri Lankan corporates through a range of equity, debt and hybrid products.rn
rn”Deutsches global reach gives us access to use different types of debt instruments,” says Rienzie T Wijetilake, Chairman/CEO HNB.rn
rnBeing Sri Lankas largest privately held banks, HNBs corporate finance division successfully executed Rs. 11.9 bn worth of deals in 2003.rn
rnSome of the notable tran