Central Bank announces another bond issue

The Central Bank plans to sell another $200 million worth of bonds to foreign and local investors shortly it announced today.

The bond issue, termed Sri Lanka Development Bonds, will be sold in maturities ranging from two to five years, C.J.P. Siriwardena of the bank’s public debt department said.

The issue will be open for subscription from June 16 to 23.

The latest issue comes as the island is in the process of raising another $300 million through a syndicated loan from Standard Chartered Bank and Deutsche Bank to pay for a number of infrastructure projects.

Last October, the island raised $500 million through a five-year sovereign bond issue, with the assistance of HSBC , JP Morgan and Barclays.

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