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. 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.

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.

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