NDB Capital wins international award

NDB Capital Limited has been awarded the Best Investment Bank in Bangladesh for 2014 by the prestigious Euromoney Awards for Excellence.

This is the first time that Euromoney has recognised and accredited an investment bank from Bangladesh, according to a statement.

Mr. Mahbub Jamil, Head of Structured Finance and Ms. Sharawwat Islam, Head of Operations received the award in Hong Kong on behalf of the NDB Capital team.

NDB Capital Ltd is a limited liability company incorporated in Bangladesh whose major shareholder is National Development Bank Plc of Sri Lanka and functions as a full-fledged merchant bank licensed by the Bangladesh Securities and Exchange Commission.

Euromoney’s Awards for Excellence covers more than 20 global product categories, best-in-class awards in all regions and the best banks in close to 100 countries around the world.

The award was evaluated based on the performance during the last year and NDB Capital’s role in introducing new instruments to the Bangladesh capital market. NDB Capital has structured innovative products that have helped Bangladeshcorporates to raise funds at competitive rates. It executed the first Convertible Preference Share Issue for a greenfield power project in Bangladesh, first convertible bond with a put option and carried out a number of local and USD syndications, private equity deals together with high-end advisory assignments.

NDB Capital’s sister company in Sri Lanka, NDB Investment Bank has also been awarded the Best Investment Bank in Sri Lanka for 2014. This has resulted in NDB becoming the only Asian investment bank to have won the Euromoney award in two countries. The investment banking cluster CEO of NDB, Mr. Vajira Kulatilaka stated that “this is only the beginning of many more new capital market products that we plan to introduce in Bangladesh” while proudly holding both awards. Mr. Kulatilaka further elaborated that “we have built a knowledge based organization that values innovation so that we can give unique solutions to our clients as demonstrated in the deals we executed in the past.”

The product range offered by NDB Capital includes equity offerings, equity private placements, structuring and placement of corporate debt securities/securitizations/covered bonds, arranging syndicated loans, underwriting, portfolio management and corporate advisory services such as share valuations, balance sheet restructuring, mergers and acquisitions, and feasibility studies, etc. NDB Capital builds on the synergies with its parent to provide the best possible solutions.