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Sri Lanka marketing 10-yr dollar bond to yield 6.375%
May 28, 2015 / 3:32 AM / 2 years ago

Sri Lanka marketing 10-yr dollar bond to yield 6.375%

HONG KONG, May 28 (IFR) - The Democratic Socialist Republic of Sri Lanka is marketing 10-year US dollar bonds to yield around 6.375%.

Citigroup, Deutsche Bank, HSBC and Standard Chartered are arranging the offering, which is expected to raise at least $500 million.

The island nation last issued offshore bonds in April last year, pricing a $500 million five-year bond to yield 5.125%.

Sri Lanka is rated B1/B+/BB- (Moodys/S&P/Fitch). (Reporting By Steve Garton)

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