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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.
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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.
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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.
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