Sri Lanka Samurai bond may be in January : CB Governor

ECONOMYNEXT – Sri Lanka’s planned Samurai bond sale may be pushed back to January from a earlier plan to go to market in December, Central Bank Governor Indrajit Coomaraswamy said as the new government is reviewing the financing program.

“The new government wants to review the financing program,” Governor Coomaraswamy said.

‘It will get a little bit delayed. Hopefully there would be a window in January.”

Sri Lanka is hoping to raise around 500 million US dollars from a yen denominated bond which will have a credit enhancement from the Japan Bank for International Co-operation.

Mizuho Securities Company Ltd, SMBC Nikko Securities Inc and Mitsubishi UFJ Morgan Stanley Securities Co. Ltd, have been appointed to lead manage the bond.
The 10-year Samurai bond will be equivalent to 500 million US dollars or 60 billion yen. (Colombo/Nov29/2019)