Jan 29, 2019 10:22 AM GMT+0530 | 0 Comment(s)ECONOMYNEXT – Sri Lanka’s NDB Investment Bank (NDBIB) said it handled 60 billion rupees in capital raisings in 2018, up 10 percent from the previous year, and expects a strong pipeline of projects this year, especially in Bangladesh and the Maldives.
NDBIB’s performance included about 50 billion rupees in debt raisings, seven billion rupees in equity and hybrid products and over 2.5 billion rupees in mergers and acquisitions.
It was achieved amid “significant volatility, particularly in equity capital markets,” a statement said.
NDBIB operates in Bangladesh via its fully owned subsidiary, NDB Capital Limited.
“Our presence as a leading investment bank in the South Asian region is now paying dividends,” said Vajira Kulatilaka, chief executive of NDB’s Investment Banking Cluster.
“We see sizable transactions originating in Bangladesh and Maldives while we continue to innovate in Sri Lanka catering to our clients’ needs to differentiate and create opportunities in the market.”
The statement said NDBIB looks to 2019 with confidence having built a strong pipeline of transactions across the region to counter the volatilities that may arise in Sri Lanka.
“The team of NDBIB strongly believes that 2019, despite all political and economic challenges will be a year where more innovations are introduced to capital markets while executing a healthy pipeline of M&A, debt and equity mandates both locally and regionally.”
NDBIB is the investment banking subsidiary of NDB Capital Holdings, a subsidiary of National Development Bank.