BIL Advises of Participation in NDX

Barita Investments Limited (BIL) has advised that it has participated in the National Debt Exchange Offer and $6.4 billion of the instruments in BIL`s investment portfolio was directly affected.

 

 

BIL has further advised that based on its calculations the expected impact on the company`s investment portfolio`s valuation, capital, liquidity and overall financial status is a negative 4% or $260 million. BIL has advised that the impact does not indicate that it will not be able to meet its regulatory capital requirements.