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.
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90/8.14 percent levels Thursday.

A 2020 sovereign bond was quoted around 7.

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32/55 percent levels bond dealers said.

Bloomberg newswires said an initial price guidance of 9.

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25 percent has been set.

The bond is marketed by Barclays, Citigroup and HSBC.

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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.

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