Sri Lanka’s NDB begins bond road show: report

Sept 26, 2013 (LBO) – Sri Lanka’s National Development Bank has begun a road show to sell a 250 million US dollar bond in international markets. DFCC Bank is also expected to go the market soon.

Bloomberg newswires said investor meetings were being held in Hong Kong, Singapore, and London to starting from this week.

Barclays, DBS, HSBC and NDB Investment Bank are managing the sale.

The bank is going to the market after state-run National Savings Bank raised 750 million US dollars through at 8.875 percent, compared to a little over 6 percent last year.