Sri Lanka, March 4 -- Serendib Frontier Capital has successfully structured and placed Rs. 475 million in Tier II qualifying subordinated debt for Merchant Bank of Sri Lanka & Finance PLC (MBSL), providing MBSL with additional capital to support its growth and regulatory requirements.
The five-year debt instrument, executed through a trust structure, offered a more efficient and cost-effective alternative to a listed subordinated debenture. This structure enabled faster execution while optimizing costs. MBSL's latest capital-raising initiative enhances its Tier II capital position, allowing the bank to expand its lending capacity and strengthen its financial base.
Serendib Frontier Capital managed the structuring and placement of the debt...