Sri Lanka’s HNB to raise Rs6bn from listed debenture


Oct 19, 2016 (LBO) – Sri Lanka’s Hatton National Bank is to raise 6.0 billion rupees from a listed debenture issue, the bank said in a stock exchange filing.

The bank has decided to issue rated, subordinated, unsecured, redeemable debentures worth 5.0 billion rupees with an option to go up to 6.0 billion rupees.

NDB Investment Bank will be managing the debt issue while Acuity Partners will be co-managing the issue.

Date of opening of the subscription list is 25th October 2016.

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