Sri Lanka calls managers for US dollar, Euro, Panda and Samurai bonds
ECONOMYNEXT – Sri Lanka’s central bank has called proposals from investment banks to sell up to 2.0 billion US dollars in sovereign bonds in 2019.
The bonds could be sold in US dollars, Euro, Chinese Renminbi and Japanese Yen.
Prospective managers were also asked to specify the cost of a currency swaps in the case the bonds are not denominated in US dollars, or guarantee fees.
The bonds have to be issued for a fixed coupon with a tenor of at least 5 years.
Sri Lanka ‘s cabinet of ministers last week gave approval to sell up to 2.0 billion dollars of bonds in 2019. (Colombo/Jan21/2018)