New Issue: Sri Lanka sells $1.5 billion 6.2% 10-year notes at par

By Colin Hanner

Chicago, May 5 – Sri Lanka priced $1.5 billion 6.2% 10-year notes at par on Thursday, a market source said.

A market source said initial price guidance for the notes (//B+) was in the 6 5/8% area, eventually tightening to 6.2%.

Citigroup, Deutsche Bank, HSBC, Standard Chartered Bank, Morgan Stanley, Citic Securities and ICBC were lead managers for the deal.

Issuer:	Sri Lanka
Description:	Notes
Amount:	$1.5 billion
Maturity:	May 11, 2027
Lead managers:	Citigroup, Deutsche Bank, HSBC, Standard Chartered Bank, Morgan Stanley, Citic Securities and ICBC
Coupon:	6.2%
Price:	Par
Yield:	6.2%
Trade date:	May 4
Settlement date:	May 11
Rating:	Fitch: BB+
Price talk:	6.2%, tightened from 6 5/8% area

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