Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka to raise US$ 1.5 billion through sovereign bonds next year
Thu, Dec 19, 2013, 12:48 am SL Time, ColomboPage News Desk, Sri Lanka.

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.

ColomboPage - Recent 10 Stories
Extremist Sri Lankan Buddhist organization has no plans to topple the government
Sri Lanka's private sector retirement fund earned over Rs. 550 billion in last five years - Central Bank
Disciplinary inquiry against Sri Lanka's star cricket players over retirement remarks
Coastal line train services disrupted in Sri Lanka as protesting workers block trains
Sri Lanka has achieved a lot, Korean envoy tells President
US Ambassador celebrates Earth Day with Sri Lankan Girl Guides
Sri Lanka national coach resigns to take up appointment with ECB
Sri Lanka takes measures to increase forest cover
Sri Lanka police ban passenger transport on hand tractor trailers
Sri Lanka maintains policy rates, current monetary policy appropriate

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.