Sri Lanka 5-year sovereign bond sale opens: report

Manjula Mathews, President of the Board of Directors of Habitat for Humanity Sri Lanka (L) and Yu Hwa Li, National Director of Habitat for Humanity Sri Lanka (R) present Rakhil Fernando, Managing Director of Daraz (C) with Goodwill Ambassador Certificate

Jan 06, 2014 (LBO) – Sri Lanka has started selling a 5-year sovereign bond with price guidance set around 6.25 percent, a media report said. Bloomberg newswires said Citigroup, HSBC Standard Chartered and UBS were managing the sale.

Sri Lanka is rated B1 by Moody’s B+ by S&P) and BB- by Fitch.