Sri Lanka’s NDB to issue debenture

June 08, 2015 (LBO) – Sri Lanka’s National Development Bank says it will issue 75,000,000 debt with room to offer further.

The company said that it will issue 75,000,00 rated , unsecured, subordinated, redeemable debentures with an option to issue up to a further 25,000,000 debentures at the discretion of the bank in the event of an oversubscription of the initial issue.

The Colombo stock exchange has approved in principal an application for listing the debt of the Bank, the company said in a filing to CSE.

The subscription will open on 17th June 2015.

NDB investment Bank limited will manage the debt issue.