Sri Lanka gets vote of confidence in $2.5bn deal

sri lanka buddha px230
By Morgan Davis
12 Apr 2018

The Democratic Socialist Republic of Sri Lanka grabbed $2.5bn from its largest bond on record on Wednesday, as investors showed their support to a country that has been buffeted by numerous problems recently.

Sri Lanka has been a regular dollar bond issuer for nearly a 10 years, but has never raised so much money in one transaction, or even across more than one transaction in the same year, as its ...

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