Tuesday, 27 October 2015

Sri Lanka launches 10-year sovereign bond

ECONOMYNEXT - Sri Lanka has launched a 10-year benchmark issue sovereign bond (minimum 500 million US dollars) with a price guidance of 7.00 percent, a media report said.

According to Bloomberg Newswires data, a 10-year bond issued earlier this year at 6.125 percent was quoted around 6.5/6 percent, in the secondary market.

Citi, DB, HSBC and Standard Chartered Bank is marketing the bond.

Standard and Poor's has given a B+ rating for a sovereign bond of up to a billion US dollars.

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