SriLanka, March 15 -- National Development Bank PLC (NDB) has successfully raised Rs. 16.0 billion through the issuance of Basel III-compliant Tier II Rated Unsecured Subordinated Redeemable GSS+ Bonds (the GSS+ Bonds), to be listed on the Colombo Stock Exchange (CSE).

This issuance marks a milestone in thematic fundraising within Sri Lanka's capital markets, signalling the country's growing progress in the increasingly important segment of sustainable finance.

The GSS+ Bonds issue opened on March 10, 2026 and was oversubscribed on the same day, demonstrating strong demand from both retail and institutional investors.

The issuance of the GSS+ Bonds reflects the Bank's strong environmental and social considerations embedded in its lendi...