Sri Lanka NSB’s bond awaiting launch window

Sept 05, 2013 (LBO) - A planned global bond sale by Sri Lanka's National Savings Bank is waiting for international market conditions to improve, sources following the deal said.
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An international road show on NSB ended this week but market conditions remained unstable with a possible US strikes on Syria looming over the horizon, market sources said and no large bond issues has been launched this week.


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There are strong expectations that the bond may be launched next week.

NSB is expected to go for a 500 million US dollar bond of at least 5-years tenor with investors are demanding higher yields in the face of global volatility.

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Sri Lanka sovereign bonds have also been trading at yields touching 7.5 percent.

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