COLOMBO: The time for banks and investment houses to submit proposals for the US$ 1.5 billion international sovereign bond offered by the Government of Sri Lanka ends today. The Central Bank of Sri Lanka invited banks and investment houses to submit proposals for the appointment of lead managers/book runners for the International Sovereign Bonds (ISBs) issue on or before 3 pm Thursday 09 March.
Sri Lanka, rated B1/B plus, plans to issue up to US$ 1.5 billion in single or multiple tranches with a fixed coupon and medium to long term maturities. One or more lead managers/book runners could be appointed and the Government of Sri Lanka reserves the right to reject any or all proposals without assigning any reason and to negotiate the terms with the Bank(s) and Investment House(s) as may be considered appropriate in the interest of the government.
