NDB Investment Bank raised Rs. 60b last year

NDB Investment Bank (NDBIB) raised Rs. 60 billion in debt and equity capital for clients last year, an all-time high for NDBIB surpassing the previous high of Rs. 42 bn in 2013.

CEO, NDBIB, Darshan Perera said, "The record performance of NDBIB in 2015 is a direct result of the strength and quality of the team that has been built over the years. NDBIB is proud to have set the benchmark in investment banking in the country and will continue to improve abilities to better serve clients".

The heightened level of activity in the debt capital markets was a significant catalyst for NDBIB's performance, particularly in the listed corporate debenture space where NDBIB recorded a 55% market share raising over Rs. 46 bn last year.

NDBIB also acted as financial advisor and arranger for a syndicated loan facility to finance a luxury resort project in the Maldives. Resus Energy undertook an exercise to restructure its balance sheet to unlock shareholder value via a leveraging and share repurchase exercise using NDBIB's advisory expertise.

NDBIB also acted as a joint manager to the largest IPO to be carried out on the CSE last year raising Rs 750 Mn for People's Insurance with healthy levels of investor appetite. Performance was also boosted by activities in the M&A space where NDBIB advised on two transactions valued at approximately USD 33 Mn.

COO, NDBIB, Mrs. Kaushini Laksumanage said, "We have worked diligently and very closely with clients to capture the most optimum market window to execute transactions amidst all the volatility."

NDBIB maintains strong focus on nurturing its employees and attracting and retaining the best talent within the industry.

The company followed its stringent recruitment process complemented by on-the-job training and sustained the continuous skill development initiatives undertaken.