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Friday, 04 April 2014 - 16:26
Sri Lanka to raise US$500mn from sovereign bond
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Sri Lanka is planning to sell a 5-year, 500 million US dollar sovereign bond amid more stable international conditions.

The January bond due in 2019, which was sold to yield 6.0 percent a year, is now trading at around 4.8 to 9 percent levels, according to Bloomberg data.

Sri Lanka said in a budget for 2014 that up to 1.5 billion US dollars would be raised from international markets during the year.
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