SriLankan Airlines flies in for $175m return

Plane 230x150
By Morgan Davis
21 Jun 2019

SriLankan Airlines made a triumphant return to the dollar market on Thursday, pricing a $175m bond on the back of a $1bn order book.

The borrower opted to skip a full roadshow, despite the fact that its only other dollar bond was sold five years ago.

“Ultimately, the transaction hinged on the government guarantee,” said a syndicate banker on the deal, referring to the fact that the Sri Lankan government ...

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