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NDBIB manages two listed debenture issues on the same day raising over Rs. 5 b

Comments / 1071 Views / Wednesday, 12 June 2013 00:52

  • Lion Brewery and Central Finance Debenture Issues oversubscribed

NDB Investment Bank (NDBIB) acted as Financial Advisors and Managers to the debenture issues of both Lion Brewery (Ceylon) PLC and Central Finance Company PLC which successfully closed within the early hours of the opening day. This is the first time in Sri Lanka when an issue manager successfully executed multiple issues having closed both on the opening day itself. The total funds arranged from the two issues amounted to Rs. 5 billion and was well received by a broad spectrum of investors.

CEO of NDBIB Darshan Perera, who commented on the bold parallel execution strategy, stated: “NDBIB was committed to streamlining the processes required for listed debt issues by improving efficiencies within the company. Given that the two issues were from different industries, we saw keen interest from both local and foreign investors from the day the deal was announced. The fair pricing of the issues resulted in a ‘win-win’ situation which was mutually beneficial to both the issuers and investors”.

Commenting on the successful closure of the debenture issues, NDBIB COO Kaushini Laksumanage stated: “We were able to achieve this unique feat as a result of the valued support and commitment received from investors. We hope to manage many more debenture issues of our existing as well as new clients thereby providing a diversified array of investment opportunities for investors”.

NDBIB continues to maintain its leadership position as the premier investment bank having pioneered the introduction of a number of financial products/services to the Sri Lankan financial market covering diverse industries.

NDBIB was adjudged as the ‘Best investment bank in Sri Lanka’ at the Awards for Excellence by Euromoney, the world’s premier financial markets magazine in 2012. This was a historical achievement for NDBIB as well as the country since it is the first time Euromoney has ever recognised an investment bank in Sri Lanka, for any award. It was also the first time an investment bank in the country has received an international accolade for excellence. NDBIB was also adjudged as the ‘Best investment bank in Sri Lanka 2013’ by the financial magazine Global Banking and Finance Review. This was in addition to receiving two more coveted accolades, namely, ‘Most innovative investment bank in Sri Lanka 2013’ and ‘Most innovative asset backed securitisation in Sri Lanka 2013’. The numerous awards mentioned above bear ample testimony to the continuous quest for excellence and innovation demonstrated by NDBIB within the investment banking sphere in Sri Lanka.

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