NDBIB raises Rs. 42 bln in 2013
View(s):NDB Investment Bank (NDBIB) raised Rs. 42 billion of funds in 2013 concluding its most successful year to date, the bank said.
During the past four years, NDBIB has raised over Rs. 115 billion through both debt and equity on behalf of its clients, maintaining the undisputed leadership position amongst the investment banks in the country, it said in a media statement.
Commenting on NDBIB’s performance for 2013, CEO of NDBIB, Darshan Perera said, “NDBIB has over the years delivered superior performance and remains to be the market leader in the investment banking space. With the encouragement granted by the Government of Sri Lanka towards developing the debt capital market, the main focus was on corporate debentures listed on the CSE where we clearly dominated the market.”
NDBIB through its Debt Capital Markets Division established a stronghold in listed corporate debentures in the past year with over 40 per cent share of the total funds raised via these instruments in a fragmented market. Through the listing of 10 corporate debentures, NDBIB raised over Rs. 29 billion with each of the issues successfully oversubscribing within few hours on the opening day itself.
Kaushini Laksumanage, COO and Head of the Debt Division of NDBIB, noted that the innovative and customised solutions offered to clients in all major areas of expertise have ensured consistent and superior financial results.
The company said there is an enormous potential in the capital market during 2014 with the anticipated growth in the global and domestic economy and NDBIB is well poised to take advantage of new opportunities available with the range of diverse and innovative products under its wings.