Tag: Fitch rates Nations Trust Bank’s subordinated debt A(lka)(EXP)

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‘s subordinated debt A(lka)(EXP)

Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) proposed Basel II compliant subordinated debentures of up to LKR5bn an expected National Long Term Rating of ‘A(lka)(EXP)’. The proposed debentures will mature in five years and carry fixed and floating coupons. The debentures are to be listed on the Colombo Stock Exchange. NTB plans to use the proceeds to […]