Dec 18, Colombo: Sri Lanka will offer two long-term international bonds next year to raise US$ 1.5 billion next year, Central Bank officials said.
Sri Lanka, with sovereign ratings (B1/B+/BB-), will offer two US$ 750 million long-term sovereign bonds in 2014, Governor of Central Bank Ajith Nivard Cabraal said.
The offering, the sovereign's fifth US-dollar deal, was priced to yield 437.1bp above US Treasuries, according to Reuters report.
In July 2012 Sri Lanka successfully launched and priced a US$ 1.0 billion 10-year International Sovereign Bond offering at a fixed-rate yield of 5.875%. The issue was oversubscribed 10.5 times at US$ 10.5 billion with orders from 425 accounts showing the international investor confidence in the country.
Sri Lanka did not issue a sovereign bond this year.