The government guaranteed bonds have been given expected rating of BB- stable by Fitch and B+ stable by S&P.
SriLankan Airlines on track to raise US$175mn at 5.3-pct: report
June 23, 2014 (LBO) - State-run Sri Lankan Airlines is on track to raise US$175 mn from 5-year bonds at around 5.3 percent, a media report said. The sale is managed by Standard Chartered. Bloomberg newswires citing un-named sources said the bond was launched at 5.625 percent earlier Monday and price guidance was later narrowed to 5.30 to 5.35 percent.