30 March 2013

Sri Lanka's Bank of Ceylon to Sell US$ 500mn Bonds in International Market. UBS to Manage the Sale

28th March 2013, www.lankabusinessonline.com

Sri Lanka's state-run Bank of Ceylon would sell plans to sell between 300 to 500 million US dollars of bonds in the international market, a media report said.

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.

Related Info :

Sri Lanka's BOC Bank to Sell $500mn Bond in the First Half of 2012

Sri Lanka’s Bank of Ceylon Raises $175mn Syndicated Loan from Middle East & Asian Banks

CITICORP Sells Rs1bn UDA Debentures to BOC in a Land Mark Deal

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