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Sri Lanka’s NDB to go ahead with Rs10bn debenture issue

May 21, 2015 (LBO) - Sri Lanka's National Development Bank plans to sell up to 10 billion rupees of unsecured debentures, subject to regulatory approval, the Bank said in a stock exchange filling.
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The bank said it had upsized the issue from the previously decided 7.5 billion rupees of debt, with an option for a further 2.
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5 billion rupees subject to regulatory approvals. NDB also raised 10 billion rupees through a debenture issue in December 2013.
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