NDB goes for Rs. 10 b listed debenture

Thursday, 14 November 2013 01:11 - - {{hitsCtrl.values.hits}}

National Development Bank PLC (NDB) said yesterday it plans to raise Rs. 10 billion via a listed debenture issue. A board decision to this effect has been made and NDB aims to issue listed rated unsecured subordinated redeemable debentures worth Rs. 5 billion with an option to go up to Rs. 8 billion and a further up to Rs. 10 billion. The move is subject to obtaining all necessary regulatory approvals and other conditions acceptable to NDB.

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