(August 02, 2009 Lanka Polity) Sri Lanka state is reportedly planning to sell sovereign bonds to raise funds possibly US $ 500 million soon, government sources say.
In 2007, Central Bank of Sri Lanka sold $500 million of bonds due in October 2012, at a yield 397.2 basis points higher than U.S. Treasuries of similar maturity.
HSBC, JPMorgan Chase & Co. and Barclays Capital had arranged Sri Lanka’s debut overseas bond sale. Investors placed orders for more than three times the amount of debt sold.
The government has already in touch with the HSBC and JPMorgan to arrange meetings with investors in the U.S., India, Hong Kong and Singapore to highlight prospects in the island nation after the end of its civil war.
Subscribe to:
Post Comments (Atom)
White handkerchief marks protest against forcible cremation by the government of Sri Lanka
Sri Lankan civil society is silently but strongly marking their protest against the government's inhuman forcible cremation of a 20-da...
-
A cartoonist's view on the previous cabinet of Sri Lanka (April 25, Colombo - Lanka Polity ) 'Epa waheta hodi bedanna wage... -
(December 13, Colombo - Lanka Polity ) Sri Lanka's opposition presidential candidate ex-Army Commander retired General Sarath Fonseka m... -
As the first major blow to the mythical Mattala international airport's flight wonder, Air Arabia has cancelled Sharjah – Mattala ro...
No comments:
Post a Comment