Sri Lanka bond cheers emerging market investors

Deals in Focus: Sri Lanka

Colombo, Sri Lanka's capital city

The Republic of Sri Lanka returned to the international bond market in September with a $1 billion 10-year issue, the proceeds of which will be used for infrastructure projects and to help refinance existing debt. The B+ rated deal was six-and-a-half times oversubscribed; a level of demand that helps explain why the bonds have subsequently traded comfortably within double-B territory in the secondary market.

Avinash Thakur, director in the Asian debt capital markets group at Bank of America Merri

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: