Sri Lanka mandates for sovereign bond

Sri Lanka
By Frances J. Yoon
18 Dec 2013

The Democratic Socialist Republic of Sri Lanka has mandated four banks to issue a sovereign bond that is slated for January, according to bankers.

Citi, HSBC, Standard Chartered and UBS have been selected to help Sri Lanka sell a benchmark US dollar denominated Reg S/144A trade, said two bankers on the deal. The tenor has not been finalised and bankers are still considering a five or 10 year trade, but the deal ...

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