Sri Lanka’s NTB debentures oversubscribed

Dec 12, 2013 (LBO) - Sri Lanka's Nations Trust Bank said its 3.0 billion rupee 5-year debenture offer was oversubscribed within hours of opening.
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The bank is offering 30 million 100 rupee debentures paying 13 percent every six months, giving an annual effective yield of 13.42 percent.

The issue had drawn more than 5.

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0 billion rupees of subscriptions. The issue is managed and placed by Waldock Mackenzie Limited (WML), the investment banking arm of the group.
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