Sri Lanka’s NSB’s US$500mn bond launched: report

Sept 12, 2013 (LBO) – Sri Lanka’s state-run National Savings Bank has started selling a 5-year 500 million US dollar bond, a report said. A dollar denominated bond by state-run Bank of Ceylon maturing in 2018 was quoted at 7.90/8.14 percent levels Thursday.

A 2020 sovereign bond was quoted around 7.32/55 percent levels bond dealers said.

Bloomberg newswires said an initial price guidance of 9.25 percent has been set.

The bond is marketed by Barclays, Citigroup and HSBC.

NSB’s road show ended last week but managers held off formally collecting orders amid elevated interest rates and bad sentiment over a plans by the US to attack Syria.