NDBIB crowned ‘Best Investment Bank in Sri Lanka’ for sixth consecutive year

NDB Investment Bank was once again named the ‘Best Investment Bank in Sri Lanka’ at the Asiamoney Best Bank Awards for Sri Lanka 2022. 

NDBIB secured this honour for the sixth consecutive year rebounding strongly in the midst of heightened capital market activity in 2021 following the challenges experienced in 2020.

NDBIB advised on a massive  Rs. 80 billion in capital market transactions in 2021/2022 period. NDBIB reaffirmed its status as the preferred advisor for public offerings with 5 successful public offerings including the highly acclaimed IPO of hSenid Business Solutions PLC (the first Enterprise Software Company on the CSE) which experienced the highest level of oversubscription in recent times of 13.5x. 

NDBIB also advised on the first Secondary Public Offering on the CSE in over a decade and introduced a novel, fully-digital online application portal for IPOs and listed debt issues. 

NDBIB reaffirmed its market leadership in the M&A space concluding 4 transactions in 2021 in the listed and unlisted space amounting to over US$ 15 million in total transaction value. Transactions were successfully executed in the renewable energy, education and F&B sectors. 

In addition, NDBIB raised a record-breaking Rs. 52 billion in debt capital markets by tapping into off shore and on shore investors through numerous different instruments. Key amongst these was a total raise of Rs. 14 billion for the LOLC Group across 3 different transactions including a Rs. 10 billion listed debenture, a US$ 75 million debt raise from Development Financing Institutions (DFIs) for its ultimate parent NDB Bank and a novel gold loan portfolio securitization in the NBFI sector. NDBIB also concluded multiple debt/quasi debt raises in the Maldives and Bangladesh amounting to over US$ 25 million in value. 

NDBIB is the investment banking subsidiary of NDB Capital Holdings, the largest full service investment banking group in the country holding a complementary business portfolio consisting of fee based and fund based investment banking, wealth management, managing private equity and stock broking.