Mar 28, 2013 (LBO) – Sri Lanka’s state-run Bank of Ceylon would sell plans to sell between 300 to 500 million US dollars of bonds in the international market, a media report said. Bloomberg newswires said UBS has been hired to manage the sale.
Fitch Rating has given a BB- expected rating to the securities which will have a tenor of five years.
Last year the Bank of Ceylon raised 500 million US dollars from international markets.
State-run National Savings Bank is also expected to go the international markets this year.