Our approach and outlook, although unconventional, we at NDBIB believe in offering a comprehensive suite of conventional financial tools as well. We have the distinct honour of successfully managing the largest debenture issue, in Sri Lanka to date.
National Development Bank PLC: NDBIB structured and placed Listed Rated Unsecured Subordinated Redeemable Debentures for National Development Bank PLC amounting to SLR 5.0 Billion with multiple green shoe options to increase the issue by a further SLR 3.0 Billion and a further option to issue SLR 2.0 Billion.

National Development Bank PLC debenture issue was oversubscribed within hours and recorded the highest funds raised in a listed corporate debenture issue with subscriptions for over SLR 21.8 billion. This issue was assigned a long-term issue rating of A+(lka) by Fitch Ratings Lanka Limited.
Nawaloka Hospitals PLC: NDBIB structured and placed Listed Rated Unsecured Redeemable Debentures for Nawaloka Hospitals PLC amounting to SLR 1.0 Billion with a green shoe option to increase the issue to SLR 1.5 Billion. This issue was assigned a long-term issue rating of A rating by RAM Ratings Lanka Limited.
Sampath Bank PLC: NDBIB structured and placed Listed Rated Unsecured Subordinated Redeemable Debentures for Sampath Bank PLC amounting to SLR 2.5 Billion with a green shoe option to increase the issue to SLR 5.0 Billion. This issue was assigned a long-term issue rating of A+(lka) by Fitch Ratings Lanka Limited.
Singer (Sri Lanka) PLC: NDBIB acted as the Structuring and Placement agent for Rated Unsecured Debenture issues for Singer (Sri Lanka) PLC. The amount raised for Singer (Sri Lanka) PLC via these issues amounted to SLR 5.1 billion.

The most recent issue was a three-year Listed Rated Unsecured Redeemable Debenture of SLR 1.0 Billion with a green shoe option to increase the issue to SLR 1.5 Billion. This instrument was assigned an A+(lka) rating by Fitch Ratings Lanka Limited. The initial issue was oversubscribed by more than three times.
Lion Brewery (Ceylon) PLC: NDBIB structured and placed Listed Rated Unsecured Redeemable Debentures for Lion Brewery (Ceylon) PLC amounting to SLR 2.5 Billion with a green shoe option to increase the issue to SLR 3.0 Billion. This is the first listed debt instrument for Lion Brewery (Ceylon) PLC. This instrument was assigned an AA-(lka) rating by Fitch Ratings Lanka Limited.
Central Finance Company PLC: NDBIB structured and placed a Listed Rated Unsecured Redeemable Debenture for Central Finance Company PLC amounting to SLR 1.0 Billion with a green shoe option to increase the issue to SLR 2.0 Billion. This instrument was assigned an A+(lka) rating by Fitch Ratings Lanka Limited. The issue was oversubscribed by over two times.
Hayleys PLC: NDBIB structured and placed Listed Rated Unsecured Redeemable Debentures for Hayleys PLC amounting to SLR 1.5 Billion with a green shoe option to increase the issue to SLR 2.0 Billion. This was the first listed debenture issue for Hayleys PLC. This instrument was assigned a long-term issue rating of AA- rating by RAM Ratings Lanka. The issue was oversubscribed by approximately three times.
Softlogic Holdings PLC: NDBIB structured and placed Listed Rated Unsecured Redeemable Debentures for Softlogic Holdings PLC amounting to SLR 500.0 Million with a green shoe option to increase the issue to SLR 1.0 Billion. This instrument was assigned a long-term issue rating of A- (lka) rating by Fitch Ratings Lanka Limited.
DSI Holdings Limited: NDBIB formulated a structure and advised on the restructuring of LTL Holdings as per the requirements of the client. This entailed the creation of a holding company and the subsequent transferring of different business interests.
LTL Holdings (Pvt) Limited: Debenture amounting to Rs. 100 million to restructure its debt.
Aitken Spence PLC: A 5-year unsecured redeemable debenture for Aitken Spence PLC amounting to Rs. 1 billion , placed entirely outside the commercial banking sector. This instrument was assigned an AA (Sri) rating by Fitch Ratings Lanka Limited.
Nations Trust Bank PLC: Raised Rs. 500 million for Nations Trust Bank through rated, unsecured, redeemable debentures. The issue was privately placed initially and was subsequently successfully listed on the main board of the CSE. The purpose of this issue was to enable the bank to maintain a healthy liquidity ratio and to act as a medium term source of financing.
John Keells Holdings PLC: Raised Rs. 2 Billion via a debenture issue, which was intended to raise Rs. 1 Billion with the option of accepting an over-subscription of up to SLR 1 Billion. The issue was fully subscribed to the amount of Rs. 2 billion, making it the largest AAA rated, unsecured, redeemable debenture issue to date and the Company obtained a rating of AAA (lka) from Fitch Ratings for this debenture issue.
Achievements : Largest Equity offering on the CSE - Rs. 8.6 Billion Dialog Axiata PLC.
Achievements : Largest Rights Issue - Rs. 15.55 Billion Dialog Axiata PLC.
Achievements : Largest Preference Share Issue - Rs. 5.0 Billion Rated, Cumulative, Redeemable for Dialog Axiata PLC.
Achievements : Largest Lease securitization in a single tranche - Rs. 1.06 Billion for People's Leasing
Achievements : Largest Utility based securitization - Rs. 1.43 Billion for Ceylon Electricity Board
Achievements : Largest IPO Oversubscription - 344.98 times for Union Bank
Achievements : Largest Funds Subscribed - Rs. 129.37 Billion Union Bank
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