Published on 5/28/2015 in the Prospect News Emerging Markets Daily.
New Issue: Sri Lanka prices $650 million 6 1/8% notes due 2025 at par
By Christine Van Dusen
Atlanta, May 28 – Sri Lanka priced $650 million 10-year notes (B1/B+/BB-) at par to yield 6 1/8% on Thursday, a market source said.
The notes priced at the tight end of talk, which was set at 6 1/8% to 6¼%.
Citigroup, Deutsche Bank, HSBC and Standard Chartered Bank were the bookrunners for the Rule 144A and Regulation S deal.
| Issuer: | Sri Lanka
|
| Amount: | $650 million
|
| Maturity: | June 3, 2025
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup, Deutsche Bank, HSBC, Standard Chartered Bank
|
| Coupon: | 6 1/8%
|
| Price: | Par
|
| Yield: | 6 1/8%
|
| Trade date: | May 28
|
| Settlement date: | June 3
|
| Ratings: | Moody’s: B1
|
| Standard & Poor’s: B+
|
| Fitch: BB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 6 1/8% to 6¼%
|
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