Aug 11, 2013 (LBO) – The sale of up to three billion rupees in deep discount bonds by Sri Lanka’s Hatton National Bank will open on Aug 23. Fitch Ratings had give the proposed bond an expected rating of ‘AA-‘ same as HNB’s long term rating.
The 10 year debt is sold at a discount of 67.715 cents on the rupee.
The bonds are unsecured, but are senior debt, meaning they will rank above any subordinated debt.