Tuesday Jun 23, 2026
Tuesday Jun 23, 2026
Monday, 22 June 2026 00:20 - - {{hitsCtrl.values.hits}}
Nations Trust Bank PLC’s (NTB) Rs. 15 billion Basel III-compliant Tier 2 debenture issue has been oversubscribed, prompting the bank to close the offer ahead of schedule on 19 June.
The bank said it had received applications for more than 150 million debentures under its initial public offering of listed, rated, unsecured, subordinated, and redeemable debentures.
The issue comprised up to 100 million debentures, with an option to issue a further 50 million in the event of an oversubscription at Rs. 100 each.
NTB said applications received exceeded 150 million debentures, resulting in the full subscription of the issue, including the additional tranche available under the oversubscription option.
Accordingly, the bank announced that the debenture issue closed at 4:30 p.m. on 19 June, in line with the terms set out in the prospectus. Applications received before the closing time will be accepted.
The issue offered three tenors of five years (2026-2031), seven years (2026-2033), and 10 years (2026-2036), each carrying a non-viability conversion feature.
The bank said the basis of allotment will be notified to the Colombo Stock Exchange in due course.
The funds raised through the issue are expected to strengthen NTB’s Tier 2 capital base and support future business growth while maintaining regulatory capital requirements.
