Bloomberg newswires said UBS has been hired to manage the sale.
Fitch Rating has given a BB- expected rating to the securities which will have a tenor of five years.
Last year the Bank of Ceylon raised 500 million US dollars from international markets.
State-run National Savings Bank is also expected to go the international markets this year.
http://lbo.lk/news/Sri_Lankas_Bank_of_Ceylon_to_sell_up_to_US$500mn_in_bonds/1256919532