NTB allots full Rs. 15 b Basel III Tier 2 debenture issue

Tuesday, 30 June 2026 06:39 - - {{hitsCtrl.values.hits}}

Nations Trust Bank PLC said it has allotted the full 150 million debentures under its Basel III-compliant Tier 2 debenture issue, raising the maximum Rs. 15 billion after exercising the option to issue an additional 50 million debentures following oversubscription.

The issue comprised listed, rated, unsecured, subordinated, redeemable five-year (2026/2031), seven-year (2026/2033) and 10-year (2026/2036) debentures with a non-viability conversion feature.

The prospectus provided for an initial issue of up to 100 million debentures with an option to issue a further 50 million in the event of oversubscription, enabling the bank to raise up to Rs. 15 billion. The allotment confirms that all 150 million debentures have been issued to subscribers.

Of the total allotment, 112.5 million debentures were allotted on a preferential basis to identified investors in accordance with Section 6.7 of the prospectus dated 16 June 2026.

Among other investors, applications for up to and including 150,000 debentures were allotted in full. Applicants seeking more than 150,000 debentures received the first 150,000 debentures in full, together with 32.6% of the balance of their unallotted application amount, rounded to the nearest 100 debentures.

The bank said any differences arising from the verification of information from the Central Depository System (CDS) or adjustments resulting from rounding would be made against the largest debenture application that had not been fully met. The date of allotment has been fixed for today (30 June 2026).