NTB Plans Debenture Issue Up to Rs. 15 Bn for Capital Boost 🏦

• Nations Trust Bank (NTB) has announced a Basel III–compliant Tier 2 debenture issue to strengthen its capital base and support future growth. • Total Size: The issue aims to raise up to Rs. 15 Billion, subject to market conditions. • Initial issue is set at Rs. 10 Billion (100 million debentures at Rs. 100 par value). • A further Rs. 5 Billion is reserved for oversubscription. • Instrument Details: The debentures will be listed, rated, unsecured, subordinated, redeemable, and include a non-viability conversion feature. • Financial Context: The capital-raising initiative aligns with the bank's expansion plans, including the ongoing acquisition of HSBC's Sri Lankan retail banking business for Rs. 18 Billion. • NTB's Assets (as of end-Sept): Total assets stood at Rs. 691.1 Billion, with stated capital of Rs. 13 Billion and retained earnings of Rs. 68 Billion.