Central Bank to raise $1 bln from international markets

The Central Bank of Sri Lanka (CB), on behalf of the Government of Sri Lanka said on Thursday it is planning to issue an International Sovereign Bond of up to US$1 billion in the international capital market at an appropriate maturity.
“For this purpose, after evaluation of eight proposals received, the CB has selected four leading international investment banks, namely Bank of America Merrill Lynch, Barclays Capital, Citibank NA, The Hongkong and Shanghai Banking Corporation Ltd as Joint Lead Managers, Bookrunners and Underwriters for the proposed Sovereign Bond issuance,” it said in a media statement.
In addition, People’s Bank has been selected as the Co-manager to work with the four Joint Lead Managers on matters relating to the proposed Bond issuance.