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Latest topics
» Can anyone explain ?
by Neluka Karannagoda Today at 12:04 am

» WELCOME MANGALA
by kovida Yesterday at 10:00 pm

» VFIN DIVIDEND
by Harry82 Yesterday at 8:14 pm

» KZOO ANY IDEA OF THE PRICE BEFORE RIGHTS?
by Eugine Fernando Yesterday at 2:36 pm

» BPPL Moving on
by Elahara Yesterday at 1:46 pm

» Advice need on PCP.N
by Elahara Yesterday at 1:38 pm

» Hotels will become active
by DS Wijesinghe Yesterday at 12:35 pm

» SFIN UPDATE
by thankrishan Yesterday at 12:22 pm

» HSIG enjoy
by Kashyapa Senarathne Yesterday at 10:47 am

» BPPL - Sell your headache
by Elahara Yesterday at 10:41 am

» LOFC Chart 28.04.2017 (weekly chart)
by stockback Yesterday at 9:54 am

» WATA next target
by kovida Thu May 25, 2017 10:21 pm

» Finance Minister Change
by sureshot Thu May 25, 2017 8:17 pm

» Why AINV.N not move
by Neluka Karannagoda Thu May 25, 2017 4:47 pm

» People's Leasing Company
by thankrishan Thu May 25, 2017 4:01 pm

» TJL,LIOC,KAPI,MGT,DOCK
by Deen79 Thu May 25, 2017 2:13 pm

» AINV.N and PCHH.N
by Neluka Karannagoda Thu May 25, 2017 2:07 pm

» HVA - HVA FOODS PLC
by anjelo Thu May 25, 2017 12:42 pm

» DIPD DIPD go 100/=
by EquityChamp Thu May 25, 2017 9:46 am

» DFCC Bank - A very valuable counter
by EquityChamp Thu May 25, 2017 9:41 am

» JKH UNBELIEVABLE
by EquityChamp Thu May 25, 2017 9:30 am

» BLI Quarterly Results
by EquityChamp Thu May 25, 2017 9:27 am

» COMB selling
by EquityChamp Thu May 25, 2017 9:26 am

» HEXP annual EPS Rs.33.41 and NAVPS is Rs.92.17
by Miss-Sangeetha Wed May 24, 2017 8:59 pm

» Colombo Dockyard PLC - Rising From the Ashes
by EquityChamp Wed May 24, 2017 12:15 pm

» SRI LANKA FINANCE SECTOR - HOLD - Mar 2017 - FC Research
by stockback Wed May 24, 2017 12:11 pm

» Sampath Bank PLC - A giant awakening
by EquityChamp Wed May 24, 2017 11:31 am

» Collect Collect
by DHAVER88 Wed May 24, 2017 11:26 am

» Sri Lanka studying property loans, SME credit leakages: Central Bank Governor
by DS Wijesinghe Wed May 24, 2017 10:36 am

» Teejay Jersey Lanka PLC - Depreciated Rupee had a very positive impact
by EquityChamp Wed May 24, 2017 10:35 am

» Investors and Business partners from over 20 countries to take part in ‘Sri Lanka Investment Conclave’
by Vacations To Sri Lanka Wed May 24, 2017 10:25 am

» Reason behind PCHH.N
by Eugine Fernando Wed May 24, 2017 9:16 am

» Profit-takings by blue chips
by Eugine Fernando Wed May 24, 2017 8:47 am

» What to buy ?
by Deen79 Wed May 24, 2017 7:00 am

» why suddenly spen.n moving up?
by podda2 Tue May 23, 2017 10:44 am

» AFSL update...
by fortuneteller Tue May 23, 2017 10:26 am

» New CSE Chief upbeat; to accelerate capital market development - See more at: http://www.ft.lk/article/617155/New-CSE-Chief-upbeat--to-accelerate-capital-market-development#sthash.5uzdNQzm.dpuf
by samaritan Tue May 23, 2017 9:17 am

» Isn't Mackwood Energy Limited a gem
by soileconomy Tue May 23, 2017 7:10 am

» SFS. Future.
by prabath Mon May 22, 2017 1:52 pm

» SFIN _DIVDEND
by DHAVER88 Mon May 22, 2017 12:58 pm

» KEEP EYE ON TESS
by DHAVER88 Mon May 22, 2017 11:32 am

» KUMATA MERATA ADIKANANAYA POLISIYA HA WINISURAN ?
by reyaz Mon May 22, 2017 11:31 am

» Sri Lanka: Mangala Samaraweera to be appointed as the Finance Minister today
by worthiness Mon May 22, 2017 10:44 am

» SERA, Seen eka
by MRBRAVO Mon May 22, 2017 9:54 am

» NIFL VS TFIL WHO RUN THE SHOW?
by Eugine Fernando Mon May 22, 2017 9:42 am

» What is happening to MEL
by reyaz Mon May 22, 2017 9:37 am

» COCR and ASI
by Harry82 Mon May 22, 2017 9:11 am

» NEXT WEEK RUNNING SHARES
by Harry82 Mon May 22, 2017 8:50 am

» LETS HOPE FINANCE MINISTER WILL CHANGE
by Eugine Fernando Mon May 22, 2017 8:49 am

» TESS Share Quantity annalise of the last 07 days
by Richman Mon May 22, 2017 6:18 am

» KHC Vs CFT
by sameboy Sat May 20, 2017 10:50 pm

» At least 30 % return within 30 days
by kumarweerarathne Sat May 20, 2017 8:26 pm

» NIFL RACE FINISH
by Teller Sat May 20, 2017 5:50 pm

» VFIN target price -- Rs 80.00 within 2 months
by venura Sat May 20, 2017 12:07 pm

» AINV A logical choice for now!
by reyaz Sat May 20, 2017 11:02 am

» GRAN @ 65 Technically
by anges Sat May 20, 2017 1:27 am

» GOOD to Collect
by anges Sat May 20, 2017 1:26 am

» LLMP good price.
by prabath Fri May 19, 2017 7:49 pm

» NIFL RACE FINISH
by sanjeewa1234 Fri May 19, 2017 5:08 pm

» kZOO why Drop
by sanjeewa1234 Fri May 19, 2017 5:07 pm

» FLCH WILL HIT 3.50
by Winner123 Fri May 19, 2017 4:06 pm

» When will be the AINV right issue ?
by Neluka Karannagoda Fri May 19, 2017 2:34 pm

» Sri Lanka: Net foreign inflow into Sri Lankan equities top Rs. 7.71 billion year to date
by worthiness Fri May 19, 2017 1:21 pm

» RICH RICH RICH
by dow Fri May 19, 2017 11:55 am

» ABANS Unfair Offer Price
by fortuneteller Fri May 19, 2017 11:52 am

» Penny fiesta
by prabath Fri May 19, 2017 11:13 am

» VFIN.. is a Gem
by Harry82 Fri May 19, 2017 7:13 am

» GRAN Future
by DS Wijesinghe Fri May 19, 2017 5:54 am

» BLI for june
by fireshelter Fri May 19, 2017 12:52 am

» WHY GSP PLUS SHARES ARE COMING DOWN?
by reyaz Thu May 18, 2017 11:15 pm

» Why COCO still silent
by Teller Thu May 18, 2017 11:07 pm

» Wait there will be a chance to collect
by prabath Thu May 18, 2017 7:47 pm

» HEXP, WHAT IS BEHIND THE SCREEN
by Miss-Sangeetha Thu May 18, 2017 11:23 am

» TESS AGRO PLC
by MRBRAVO Thu May 18, 2017 8:42 am

» VONE.N0000 HOT SHOT .DON'T HESITATE
by The Hunter Thu May 18, 2017 8:28 am

» MALWATTE PLANTATIONS DONE WELL
by Yahapalanaya Thu May 18, 2017 3:05 am

» UDPL & BALA Future... Price
by Ran49 Wed May 17, 2017 10:34 pm

» BLI's wife - BFN
by Maharaja Wed May 17, 2017 9:26 pm

» NIFL TRADING PRICE
by sanjeewa1234 Wed May 17, 2017 8:49 pm

» KZOO BEST PRICE
by sanjeewa1234 Wed May 17, 2017 8:47 pm

» ASI will reach to it's ever high due to all the positive economic achievements ....
by worthiness Wed May 17, 2017 8:18 pm

» Teejay ends Q3 with a revenue growth of 33-pct despite challenges
by kumarweerarathne Wed May 17, 2017 5:49 pm

» Good Interim Results for Plantation
by jsilva Wed May 17, 2017 5:39 pm

» MPORTANT ANNOUNCEMENT REGARDING DATA ON CSE WEBSITE
by D.G.Dayaratne Wed May 17, 2017 4:28 pm

» HEXP will hit 100/= rs.
by Vacations To Sri Lanka Wed May 17, 2017 1:48 pm

» MEGA BULL MARKET AHEAD
by nirowat Wed May 17, 2017 1:45 pm

» HEXP will hit with the Financial report ?
by worthiness Wed May 17, 2017 1:41 pm

» CSF.N0000 any idea
by podda2 Wed May 17, 2017 12:37 pm

» Today BOGA....
by podda2 Wed May 17, 2017 12:18 pm

» MGT.N 20+ GSP++ BOOM BOOM
by D.G.Dayaratne Wed May 17, 2017 11:44 am

» Sell Poultry stocks....
by kcrRanz Wed May 17, 2017 10:42 am

» GRAN.N000 Below 65/=
by kcrRanz Wed May 17, 2017 10:37 am

» චීන - ලංකා නිදහස් වෙළඳ ගිවිසුම මේ වසරේ දී
by kcrRanz Wed May 17, 2017 10:07 am

» GSP+ හරහා වාර්ෂිකව යූරෝ මිලියන 300 ක්
by kcrRanz Wed May 17, 2017 10:05 am

» HEXP NAVPS - 91/= EPS - 32/= . Any dividend ?
by kcrRanz Wed May 17, 2017 9:56 am

» GSP+ be effected from May 19.
by worthiness Wed May 17, 2017 9:39 am

» Is it ? What's your comments?
by PrasannaMani Wed May 17, 2017 8:54 am

» Very Soon ,Very Soon....LCEM
by sureshot Wed May 17, 2017 5:35 am

» FLCH Browns Capital
by Yahapalanaya Wed May 17, 2017 4:04 am

Govt. concludes $ 1.5 b 10 year Sovereign Bond with big success -

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Govt. concludes $ 1.5 b 10 year Sovereign Bond with big success -

Post by Vacations To Sri Lanka on Sun May 07, 2017 12:50 pm

http://www.ft.lk/article/613512/Govt--concludes---1-5-b--10-year-Sovereign-Bond-with-big-success

[size=48]Govt. concludes $ 1.5 b 10 year Sovereign Bond with big success
[/size]




0


Comments /  597 Views / Saturday, 6 May 2017 00:00
 2  12




  • Final order book in excess of $11 b achieving an oversubscription ratio of over 7 times, spread across 500 participating accounts 
  • Bonds pricing at 6.20% reflecting a 42.5 basis points compression well inside the initial price guidance
  • 2017 spread has substantially declined indicating a reduction in the risk premium demanded by the investors
  • Bonds allocation well diversified with 58% going to the US, 22% to Europe and remaining 20% to Asia
  • CB says success clearly reflects investors' continued confidence in Sri Lanka and their positive outlook on the Sri Lankan economic growth story


 
The Government yesterday successfully concluded its 10 year Sovereign Bond to raise $ 1.5 billion with the issue drawing over $ 11 billion in demand worldwide enabling an attractive pricing. 

The Central Bank in a statement said that it, on behalf of the Government of Sri Lanka (GoSL), successfully priced a new $1.5 billion 10-year International Sovereign Bond (Bonds) on 4 May 4, 2017. The bonds have been rated ‘B1’, ‘B+’ and ‘B+' by Moody's Investors Service, Standard and Poor’s and Fitch Ratings respectively.

This marked Sri Lanka’s eleventh U.S. dollar benchmark offering in the international bond markets since

2007 and is a clear testament of the international investor community’s continued support for Sri Lanka

through the years. Citigroup, CITIC CLSA Securities, Deutsche Bank, HSBC, ICBC International, J.P.

Morgan and Standard Chartered Bank acted as the Joint Lead Managers and Bookrunners on this

successful transaction.

The transaction was undertaken on the back of a strong market window post the Federal Open Market

Committee minutes release and ahead of the Nonfarm payroll and the French elections. The transaction

also coincided with the International Monetary Fund staff-level agreement that was released a day before on 3 May, 2017.
The transaction with an initial price guidance of 6.625% area was announced during the Asia morning of

4 May, 2017, and saw strong interests from a wide range of high quality investors, allowing Sri Lanka to tighten final price guidance to 6.250% area (+/-5 basis points) at the Asia evening on the back of books which were in excess of $7.5 billion. The bonds eventually priced during New York hours at 6.20% reflecting a 42.5 basis points compression, well inside the initial price guidance for a final transaction size of $1.5 billion.

The final order book was in excess of $11 billion, achieving an oversubscription ratio of over 7 times, spread across 500 participating accounts. 

"This clearly reflects investors' continued confidence in Sri Lanka and their positive outlook on the Sri Lankan economic growth story," the Central Bank said. Further, compared to the 2016 spread between US Treasury 10 year yield and 10 year Sri Lanka bonds yield, 2017 spread has substantially declined indicating a reduction in the risk premium demanded by the investors, it added.

Geographical distribution was well diversified, with 58% of the final allocations going to the U.S., 22%

to Europe, and the remaining 20% to Asia. By investor type, the split was 83% to fund managers, 9% to

banks, 5% to insurance and pension funds, and the remaining 3% to other investors.




 
[size=36]Govt. raises $285 m via SLDBs[/size]
​The Government has raised a further $285.18 million via the issuance of Sri Lanka Development Bonds (SLDBs) of different tenure and at fixed and floating rates. 

The Central Bank accepted $89.75 million on a 4 year 10 months floating rate option, $70 million at a 1 year fixed rate, $62.15 million on 1 year 10 months floating option, $44.28 on 2 year 10 months floating and $19 million on 1 year floating.  Total bids received were $497.85 million with majority ($ 427 million) coming for floating options.

The Weighted Average Fixed Rate was 426.57 basis points and Weighted Average Margin (bps) over a 6-month LIBOR (floating) ranged from 254.79 and 412.06.
- See more at: http://www.ft.lk/article/613512/Govt--concludes---1-5-b--10-year-Sovereign-Bond-with-big-success#sthash.23Nr7itV.dpuf
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