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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