Sri Lanka seeks managers for Yen60bn Samurai bond

ECONOMYNEXT – Sri Lanka has called proposals from investment banks to manage a 60 billion yen 10-year Samurai bond.

The public debt office, which is a unit of the central bank said prospective lead managers should submit their track record in selling sovereign and non-non sovereign Samurai bond during the past three years.

Investment banks have been asked to provide a cost, taking into account that there will be a guarantee from the Japan Bank for International Corporation.

The managers are also expected to provide price for a dollar/yen currency swap.

Bids will close on September 02. (Colombo/Sept06/2019)