Sri Lanka’s HDFC Bank to raise Rs4bn from listed debenture


Nov 07, 2015 (LBO) – Sri Lanka’s HDFC Bank is to raise 4.0 billion rupees from a listed debenture issue, the company said in a stock exchange filing.

The company has decided to issue 30 million debentures at 100 rupees each with an option to issue up to a further 10 million debentures in the event of over subscription, subject to the necessary regulatory approvals.

The subscription list will be open on 16 November 2015 and NDB Investment Bank with BOC managing the debt issue.

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