
HNB Debenture Issue 2011/21 will be listed on the CSE shortly by way of an introduction. The salient features of the Debentures are as follows:
| Instrument | Unsecured Subordinated Redeemable Ten (10) year Debentures Fixed Interest rate of 11.50% p.a. payable semi-annually from the Date of Allotment until the expiry of Ten (10) years (giving an Effective Annualized Yield or AER of 11.83%) on the principal sum of the Debentures. The tenor of the Debenture will be Ten (10) years. |
| Face value of each Debenture | LKR 100.00 |
| Issue Price | Debentures were issued at LKR 100.00 each |
| Amount Raised | LKR 2 billion |
| Number of Debentures to be Listed | 20,000,000 |
| Rate of Interest (Yield) | Fixed Interest rate of 11.50% p.a. payable semi-annually from the Date of Allotment until the expiry of Ten (10) years from the Date of Allotment. |
| Date of Maturity | On completion of Ten (10) years from the Date of Allotment of the Debentures |
| Debenture Issue Rating | Fitch Ratings Lanka has assigned a National Rating of 'A+ (lka)' |
| Date of Allotment | 5th September 2011 |
| Lawyers to the Introduction | HNB Legal Department Hatton National Bank PLC No. 479, T B Jayah Mawatha, P O Box 837, Colombo 10, Sri Lanka Tel: +94 (011) 266 4664 (G), +94 (011) 476 4764 (G), +94(011) 266 1804 (D) Fax: +94 (011) 266 2831 |
| Trustees | Deutsche Bank AG, Colombo Branch No. 86 Galle Road, P O Box 314, Colombo 03, Sri Lanka Tel: +94 (011) 244 7062 Fax: +94 (011) 244 7067 |
| Managers to the Introduction | Acuity Partners (Private) Limited 7th Floor, Acuity House, No. 53, Dharmapala Mawatha, Colombo 03, Sri Lanka Tel: +94 (011) 2206206 (G), +94 (011) 2206212 (D) Fax: +94 (011) 243 7149 |
| Continuing Registrars | SSP Corporate Services (Pvt) Limited No. 546, Galle Road, Colombo 03. Tel: +94 (011) 2573485 Fax: +94 (011) 2573037 |
| Copies of the Introductory Document could be obtained from the Managers to the Issue Acuity Partners (Private) Limited and all other member firms. |
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