Stack of One Hundred Dollar Bills U.S.

The Central Bank of Sri Lanka (CBSL) last week said it intends to issue International Sovereign Bonds (ISBs) up to USD 3,000 million in the international capital market in 2016. The issuances in single or multiple tranches would be in US Dollar and Chinese Renminbi (Panda / Dim Sum) with a fixed coupon and medium to long term maturities where non-resident investors will be eligible to invest at the primary issuance.

Accordingly, CBSL has invited proposals from Banks and Investment Houses for consideration to be appointed as Lead Managers/Book Runners on these issuances.
The US dollar and Chinese Renminbi bonds will be fixed rate, long to medium securities, the Central Bank said.