Sri Lanka Sells $650 Million in Sovereign Bonds at 6.125%
May 29 2015 - 12:07AM
Dow Jones News
By Anjani Trivedi
HONG KONG--Sri Lanka sold $650 million of sovereign bonds
Friday, according to a term sheet reviewed by The Wall Street
Journal, mostly to fund managers in the U.S.
The final coupon on the bond was 6.125%, tighter than the
initial guidance, while the existing five-year bonds last traded at
5.18%. The 10-year bond deal was led by Citigroup, Deutsche Bank,
HSBC and Standard Chartered Bank and accumulated orders of almost
$2 billion from 173 investors.
Write to Anjani Trivedi at anjani.trivedi@wsj.com
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