US$ 2 bn raised through sovereign bonds

Sri Lanka has raised 2.0 billion US dollars from 5 and 10 year sovereign bonds a report said in the second such sale in 2019.

The Central Bank of Sri Lanka on behalf of the Democratic Socialist Republic of Sri Lanka, returned to the U.S. dollar bond markets, successfully pricing a new issuance of U.S.$500 million 5-year and U.S.$1.5 billion long 10-year Senior Unsecured Fixed Rate Bonds (the “Bonds”) with maturity dates of June 28th, 2024 and March 28th, 2030, respectively, said the CBSL.

The Bonds have been rated ‘B2’, ‘B’ and ‘B’ by Moody’s Investors Service, Standard and Poor’s and Fitch Ratings, respectively.

This represents Sri Lanka’s fourteenth U.S. dollar benchmark offering in the international bond markets since 2007, and its second transaction this year.

 BOC International, Citigroup, Deutsche Bank, HSBC, J.P. Morgan, SMBC Nikko and Standard Chartered Bank acted as the Joint Lead Managers and Bookrunners on the successful transaction.

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