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)

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