NDBIB arranges Rs 1b for Resus Energy Group
NDB Investment Bank Limited (NDBIB) as part of a capital
restructuring process to unlock shareholder value, the subsidiaries of
Resus Energy PLC (REP) (formerly known as Hemas Power PLC) raised over
Rs. 1 billion via a syndicated debt facility with the National
Development Bank and Sampath Bank.
|
At the head table (from left): CEO, NDB Investment Bank
Limited, Darshan Perera, DGM (Credit), Sampath Bank, Mrs.
Shashi Kandambi Jassim, Director, Resus Energy, Suren
Madanayake, Managing Director, Resus Energy, Kishan
Nanayakkara, Director, Resus Energy, Vajira Kulatilaka, ,
Vice President, Corporate Banking, NDB, Buwaneka Perera and
Vice President, Group Risk Management, NDB, Mrs. Nirmala
Rayen. |
NDBIB played a key role in this transaction as financial advisor and
arranger for the debt facility and has been in the forefront in the
restructuring process of the REP Group.
As the final stage of the said restructuring process, the Directors
and the Shareholders of REP have approved a share repurchase at Rs. 24
per share, which has already been notified to the Colombo Stock
Exchange.
NDBIB has also been active and enjoys leadership position in the
local debenture market having already raised over Rs. 17 billion for
clients of various sectors via the capital markets, a bank spokesman
said.
NDBIB, a fully-owned subsidiary of NDB Capital Holdings Limited,
which in turn is a 99.66% owned subsidiary of National Development Bank
PLC.
Euromoney, an international financial markets magazine, adjudged
NDBIB as the ‘Best Investment Bank in Sri Lanka’ at the recent Awards
for Excellence 2015 for the fourth consecutive year. |
