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Sri Lanka plans US$250mn Panda bond in China in 2018

ECONOMYNEXT – Sri Lanka is planning a 250 million US dollar equivalent Panda (Yuan denominated) bond in China in 2018, Central Bank Governor Indrajit Coomaraswamy said.

Sri Lanka had already gone on a non-deal road show and seen interest among bank and insurers he said.

The People’s Bank of China had set up a task force to help Sri Lanka raise a Panda bond, he said.

Sri Lanka has is also raising another 1.0 billion from a syndicated loan from China Development Bank. (Colombo/Aug03/2018)

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