NDBIB named best investment bank in Sri Lanka
ECONOMYNEXT – NDBIB has been named the best investment bank in Sri Lanka by Euromoney, a financial magazine for the eight time, the firm said.
NDBIB had helped raise 50 billion rupees of debt, 7 billion in equity and hybrid products and 2.5 billion in mergers and acquisitions totaling 60 billion in 2018.
Darshan Perera, CEO of NDBIB said the firm believed in being consistent and innovative.
Nilendra Weerasinghe, Chief Corporate Advisory Officer said deals in non-bank sector had proved their ability.
"We are now monetizing this capability in the South Asian region and expect the region to bring in about half of our deal pipeline," he said.
One M&A transaction involved a distressed non-bank finance company, City Finance Corporation by a consortium of investors in a 1.3 billion rupee deal. The firm had 2,400 depositors mostly retirees.
Sterling Capital based out of Japan invested 1.4 billion rupees to capitalize People’s Merchant Finance PLC to meet the minimum regulatory capital requirements. (Colombo/July24/2019)