FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

Deal Done! – Sri Lanka executes successful $ 2.4bn sovereign bond offering Vote_lcap68%Deal Done! – Sri Lanka executes successful $ 2.4bn sovereign bond offering Vote_rcap 68% [ 178 ]
Deal Done! – Sri Lanka executes successful $ 2.4bn sovereign bond offering Vote_lcap18%Deal Done! – Sri Lanka executes successful $ 2.4bn sovereign bond offering Vote_rcap 18% [ 47 ]
Deal Done! – Sri Lanka executes successful $ 2.4bn sovereign bond offering Vote_lcap13%Deal Done! – Sri Lanka executes successful $ 2.4bn sovereign bond offering Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Deal Done! – Sri Lanka executes successful $ 2.4bn sovereign bond offering

Deal Done! – Sri Lanka executes successful $ 2.4bn sovereign bond offering

3 posters

Go down  Message [Page 1 of 1]

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Deal Done! – Sri Lanka executes successful $ 2.4bn sovereign bond offering
Author LBO
Posted on March 8, 2019 | Bills & Bonds, Economy & Markets


March 8, 2019 (LBO) – In possibly the most significant economic development since Sri Lanka’s constitutional crisis dealt a devastating blow to her economy, the nation has successfully tapped the international markets in a large sovereign bond offering.

According to a Reuters report, Sri Lanka has raised US$2.4bn in 5 and 10 year bonds, with bids topping US$7.5bn. Pricing was better than expected with a 6.85% yield for US$1bn in 5-year bonds and a 7.85% yield for US$1.4bn in 10 year bonds.

Analysts say that this successful bond offering will put a solid floor under the Sri Lanka Rupee (LKR) with expected inflows into local currency denominated bonds as a result. In the budget discussions officials suggested that they expected close to US$1bn of inflows in 2019.

http://www.lankabusinessonline.com/opinion-the-sri-lankan-rupee-has-bottomed/

With Sri Lanka’s successful tapping of international bond markets, questions about Sri Lanka’s ability to roll over its maturing debt will likely be put to rest, inspiring investor confidence.

The successful deal is also an international vote of confidence in the creditworthiness of Sri Lanka and its government headed by Prime Minister Ranil Wickremesinghe.

The international bond markets were effectively closed to Sri Lanka during the constitutional crisis when the Prime Minister was illegally deposed and holed up in his official residence Temple Trees. Restoration of Wickremesinghe as Prime Minister has brought stability to Sri Lanka’s economy, despite significant damage sustained from its 50 day constitutional crisis.

See the full Reuters report here:

https://www.reuters.com/article/sri-lanka-debt-bond/update-4-sri-lanka-raises-24-bln-in-dollar-bond-sale-term-sheet-idUSL3N20U2CH

Source. Www.lbo.lk




http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Positive news.It shows foreign investor confidence on srilankan economy and current government. Very Happy Very Happy Very Happy

reyaz

reyaz
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Or was there Arjuna Mahendran magic in the process? This won't save him from jail!

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum