SriLankan Airlines on track to raise US$175mn at 5.3-pct: report

June 23, 2014 (LBO) – State-run Sri Lankan Airlines is on track to raise US$175 mn from 5-year bonds at around 5.3 percent, a media report said. The sale is managed by Standard Chartered. Bloomberg newswires citing un-named sources said the bond was launched at 5.625 percent earlier Monday and price guidance was later narrowed to 5.30 to 5.35 percent.

The government guaranteed bonds have been given expected rating of BB- stable by Fitch and B+ stable by S&P.

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