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NDB and the Norwegian Development Finance Institution, Norfund, have reached an agreement for Norfund to invest up to 9.99% in National Development Bank PLC (NDB). Under this agreement, Norfund will participate in the Rights Issue for LKR8Bn that NDB has already announced by way of subscribing to unsubscribed rights and also by way of a private placement if required. This investment is subject to other conditions, including regulator and shareholders approvals. This is Norfund’s 1
st equity investment in Sri Lanka.
The
investment comes at a time when international rating agencies have downgraded
Sri Lanka’s credit rating. This shows that Norfund endorses NDB’s resilience in ....

Aust Agder , Sri Lanka , Sri Lankan , Fay Chetnakarnkul , Lanka He Trine , Bank Dimantha Seneviratne , National Development Bank , Norwegian Development Finance Institution , Rights Issue , Eshana De Silva , Dimantha Seneviratne , Private Placement , Income Ratios , Regional Director , Sri Lanka Business News , Sri Lanka Finance News , Lanka Business Online , ஸ்ரீ லங்கா , ஸ்ரீ லங்கன் , லங்கா அவர் ட்ரைன் , தேசிய வளர்ச்சி வங்கி , நோர்வே வளர்ச்சி நிதி நிறுவனம் , உரிமைகள் பிரச்சினை , எஷனா டி சில்வா , ப்ரைவேட் வேலை வாய்ப்பு , பிராந்திய இயக்குனர் ,