SL sells global bonds for the second time; govt faces wider budget deficit

SL sells global bonds for the second time; govt faces wider budget deficit

SL sells global bonds for the second time; govt faces wider budget deficit

Written by Staff Writer

27 Oct, 2015 | 7:36 pm

According to international media reports, it is stated that SL is  selling global bonds for the second time this year as the govt. faces a wider budget deficit and weaker currency.

The report adds that the the insurance is ranked B+ by Standard and Poor’s and its size is yet to be decided., The website, quoting a source familiar with the deal and not authorized to speak publicly, says that the sovereign is marketing 10 year notes and indicated, it expects the securities to yield around 7 percent.

Sri Lanka sold 650 Million USD of similar maturity debt in May at a coupon of 6.125 percent

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