Sri Lanka’s DFCC launches bond: report

Oct 22, 2014 (LBO) – Sri Lanka’s DFCC Bank has launched a 5-year dollar denominated bond in international markets, a media report said. DFCC is rated ‘B’ by S&P and ‘B+’ by Fitch.

Bloomberg Newswires said initial price guidance has been set at around 9.6 percent.

DFCC is a listed private bank.

Sri Lanka’s state-run National Savings Bank sold 750 million US dollars in bonds at 8.875 percent after going market looking for at least 500 million US dollars.

DFCC was intending to raise at least 250 million US dollars along with another listed bank National Development Bank.