Sri Lanka leans on US demand to price tight dollar bond
The South Asian sovereign returned for its first international deal in two years at a spread tighter than its outstanding yield curve. Regional demand was lacklustre, but US investors were much more supportive.
The Democratic Socialist Republic of Sri Lanka managed to price its first dollar bond in two years through its existing curve. While response to the $1bn bond was tepid in Asia, US investors showed no such reticence.
Bookrunners Citi, HSBC, Standard Chartered and UBS came out with initial
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