Sri Lanka bond deal to JP Morgan, HSBC, RBS

Sept 18, 2009 (LBO) – Sri Lanka’s 500 million US dollar bond deal has been given to HSBC, JP Morgan, and Royal Bank of Scotland who will be joint managers and underwriters, the Central Bank said. Foreign fund managers have been pouring into the country’s government bond markets to buy high yielding rupee bonds which pay around 12.0 percent now. State-run Bank of Ceylon will be a co-manager.

Sri Lanka’s Central Bank is expecting to float the bond in October.