COLOMBO: Sri Lanka is planning to raise up to $1.5 billion via sovereign bonds, tapping global capital markets for the second time within three months, a government document showed on Thursday.
Government officials said the move was to capitalize on favorable market conditions.
It comes nearly six weeks after suicide bombers killed more than 250 people in attacks at churches and luxury hotels on Easter Sunday. That attack has badly dented the Sri Lankan economy, in particular deterring many thousands of foreign tourists from coming to the island.
“This is mainly to capitalize on the current market conditions which is favorable for us. The bonds we sold in March are now trading below or near the yields they were sold,” a government official told Reuters.
Sri Lanka to raise up to $1.5bn via sovereign bonds
Updated 30 May 2019
Sri Lanka to raise up to $1.5bn via sovereign bonds
- Government officials said the move was to capitalize on favorable market conditions
- It comes nearly six weeks after suicide bombers killed more than 250 people in attacks at churches and luxury hotels on Easter Sunday
