Sri Lanka’s HNB to raise Rs7bn in listed debt


Mar 09, 2016 (LBO) – Sri Lanka’s HNB said it is planning to raise as much as 7 billion rupees from a sale of debentures which will be quoted on the Colombo Stock Exchange.
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The bank said in a stock exchange filing that it wanted to sell 40 million debentures of 100 rupees each with an option to issue further 20 million debentures if the initial offer got oversubscribed.
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It would offer an additional 10 million debentures at the discretion of the bank if the second offer was oversubscribed.
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NDB Investment Bank and Acuity Partners are managing the issue and the subscription list will be open on 16 March 2016.
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