Fitch rates Hatton National Bank’s subordinated debt A+(lka) (EXP)
Fitch Ratings has assigned Hatton National Bank PLC’s (HNB; AA(lka)/Stable) proposed subordinated debenture issue of up to LKR6bn an expected National LongTerm Rating of ‘A+(lka)(EXP)’. The debentures, which will have tenors of five and seven years and carry fixed coupons, will be listed on the Colombo Stock Exchange. HNB expects to use the proceeds to strengthen its Tier […]