Sri Lanka launches sovereign bond
ECONOMYNEXT – Sri Lanka has launched a sovereign bonds seeking 5 and 10 year funds with Citi, Deutsche Bank, HSBC and Standard Chartered as lead managers, a media report said.
Bloomberg Newswires said indicative price were 6.125 percent and 7.125 percent range.
A sovereign-sized bond has is a minimum of 500 million dollars.
Sri Lanka is also separately marketing a 500 million dollar syndicated loan which is also expected to close today. (Colombo/July11/2016)