NDB Investment Bank Limited (NDBIB), formed in 1997 as a joint venture between National Development Bank PLC (formerly known as National Development Bank of Sri Lanka) and Citibank N.A successfully completed its 10 year anniversary. Over the years, NDBIB has been recognized as the market leader for both Debt & Equity structuring and placement while consolidating its unique position to leverage upon the local expertise of the NDB group together with the working relationship and global network of Citigroup.

As the investment banking arm of National Development Bank PLC, NDBIB provides advisory services in the areas of debt and equity structuring and distribution, corporate restructuring, mergers and acquisitions, initial public offerings, equity placements, privatization and infrastructure development. NDBIB builds on the synergies provided by the local group network, global working relationships and customer base of its parent companies, as well as on strong relationships developed with major Commercial Banks, Unit Trusts and Pension/Provident Funds who actively participate in deals originated by the company. NDBIB also maintains an excellent working relationship with regulatory authorities such as the Colombo Stock Exchange and Securities & Exchange Commission.

NDBIB has pioneered the introduction of a number of financial products/services to the Sri Lankan financial market namely cross border swaps, securitizations bespoke for diverse industries. The company was the first to initiate a book-building for the pricing of initial public offerings in Sri Lanka. The company has secured a distinctive name for the introduction of utility and plantation securitizations in the sphere of financial products. NDBIB has also instigated securitizations and interest rate swaps to some of the large institutional investors in Sri Lanka.

The quantum of proceeds raised/placed by us through debt and equity investments during the recent past is indicated in the graph below: