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| Sunday, 15 August 2004 |
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| News Business Features Editorial
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HNB and Deutsche Bank form alliance Hatton National Bank Limited ("HNB") and Deutsche Bank AG, Colombo Branch ("Deutsche Bank") have formed a strategic alliance for Corporate Finance services in Sri Lanka through a Memorandum of Understanding (MOU). It applies to corporate finance activities such as Equity and Debt placement, Issue Management and Underwriting, Loan Syndication, Structured Finance, Mergers & Acquisitions advisory and management services, Capital and Financial Restructuring advisory services, Management Buy-Out advisory services, Employee Share Option Scheme advisory services or any other activity that is mutually agreed to constitute Corporate Finance services. The capital raising requirements of blue-chip Sri Lankan corporates and large-scale infrastructure development projects has grown to exceed the level of funding which can be raised through the domestic capital markets. The primary motivation for the strategic alliance is to develop the ability to offer cross border and international capital raising expertise to Sri Lankan corporates through a range of equity, debt and hybrid products. HNB is the largest private sector commercial bank in Sri Lanka. Currently the Bank has a network of over 140 customer centres within Sri Lanka and representative offices in India and Pakistan. In 1997 the Corporate Finance Division was established to complement the strong commercial and corporate banking operations of HNB. Deutsche Bank's Global Corporate Finance division provides the complete range of integrated investment banking products and coverage of 15 industry sectors, combined with extensive country and local market knowledge. |
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