LKCSE Colombo Stock Exchange Open
  • Current Exchange
    Colombo Stock Exchange LKCSE

Market time

Send This Page To Friends and Colleagues

You can Enter more than one email separated by (,)
Allowed 100 characters only
30 October, 2015 09:02 AM Source: Financial Times - Sri Lanka
news 1.jpg

HSBC advised the Central Bank of Sri Lanka (CBSL) on behalf of the Sri Lankan Government to complete a $ 1.5 billion, 10-year international sovereign bond issuance.
The transaction, which was priced at a yield of 6.85% per annum, marks the second 10-year sovereign bond issue in the international capital markets in 2015 and Sri Lanka’s ninth overall and largest ever bond offering. The final order books stood at $ 3.3 billion, an oversubscription of 2.2 times.

2HSBC Sri Lanka and Maldives CEO Patrick Gallagher said: “HSBC is delighted to once again have supported the Central Bank of Sri Lanka in issuing the second 10-year sovereign bond having partnered the Government of Sri Lanka on all of its sovereign bond issuances since 2007. HSBC continues to be a dominant force in the debt capital markets in Asia and this transaction further stands testament to the ability we have in closing large capital markets transactions and manifests our strong and continued commitment to the country.”
Fitch Ratings, Moody’s Investors Service and Standard and Poor’s had rated the Issue at ‘BB-’, ‘B1’ and ‘B+’ respectively. The strong order book from investors across Asia, Europe and the US meant Sri Lanka was able to price the issue at 6.85% after initially launching the trade at a price guidance 7% area. This tighter yield reflects the continued confidence that the international investors have placed in the sovereign bond issuance of Sri Lanka.
HSBC Sri Lanka Head of Financial Institutions Group and Public Sector Shamindra Marcelline: said “This landmark transaction is the sovereign’s largest-ever bond offering and clearly marks another significant achievement by the sovereign, especially given the global headwinds in the financial markets and it clearly reiterates the confidence placed by the international investor community in the country’s strong credit story.”

- See more at:

Add Comment | 0   comment

Readers Comment

Nothing found to display
page number 1

Add Comment

Please login first to comment Click here to login

Stocks in Focus

Features for Registered Users

E-mail Alerts
Daily Newsletter
Your Watchlist
Advanced Tools
Many more

Will automatically display the last quotes you have visited here.

All Rights Reserved - DUInvest © 2014


Do You have an Account ? , Click here to create a new account

Your Opinion Matters

What do you think about the new Website?