The debenture issue had two types; Type A being a “plain vanilla’ coupon paying debenture whilst Type B being a “zero coupon” debenture, the first of its kind to be listed on the CSE, demonstrating NDBIB’s quest to introduce innovative financial structures/products to the capital market of Sri Lanka.
The majority of the Type B debentures were grabbed by provident funds and insurance funds. There was a significant corporate and retail participation for this debenture and total applications received exceeded Rs. 13 billion.
Through the combined synergies of the diverse constituents of the NDB Group, its customers have access to a full range of banking and financial services; including project finance, corporate banking, SME lending, retail banking, investment banking, stock brokering and wealth management solutions making NDB a truly Universal Bank.