The National Development Bank (NDB) has ‘tested’ the appetite for its US dollar bond by visiting London, Singapore and Hong Kong in September, sources close to NDB said. They said that NDB had this mini roadshow with lead managers, Barclays, DBS Group and HSBC whom were appointed in March. The amount to be issued is [...]

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The Sundaytimes Sri Lanka

NDB ‘tests’ waters for US dollar bond

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The National Development Bank (NDB) has ‘tested’ the appetite for its US dollar bond by visiting London, Singapore and Hong Kong in September, sources close to NDB said.
They said that NDB had this mini roadshow with lead managers, Barclays, DBS Group and HSBC whom were appointed in March. The amount to be issued is yet to be finalised.
Last year’s budget proposed a window for NDB and DFCC to raise long term foreign development finance up to US $ 250 million each to provide long term funding for Small and Medium Enterprises, plantations, construction industry and other manufacturing industries in the country.

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