NTB plans debenture issue of up to Rs. 15 b

Tuesday, 2 December 2025 02:46 - - {{hitsCtrl.values.hits}}

Nations Trust Bank PLC has announced that its Board has approved a Basel III–compliant Tier 2 debenture issue of up to Rs. 15 billion, subject to market conditions and investor demand.

The bank will initially issue 100 million listed, rated, unsecured, subordinated, redeemable debentures with a non-viability conversion feature at a par value of Rs. 100 each, raising Rs. 10 billion.

The Board has also approved an option to issue a further 50 million debentures to raise an additional Rs. 5 billion in the event of an oversubscription. The maximum size of the issuance will therefore not exceed Rs. 15 billion.

The instrument is intended to strengthen the bank’s capital base and supporting future growth. Further details on the coupon structure, tenure and timeline for the issuance will be announced upon finalisation of the offer document.

The bank reported total assets of Rs. 691.1 billion as of end-September with Rs. 13 billion in stated capital and Rs. 68 billion in retained earnings. The bank in the process of acquiring the Sri Lankan retail banking business of HSBC in a deal worth Rs. 18 billion.