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[2nd
February 2006 - 05.:00 S..L.T] Daily Times
Sri Lanka plans to issue its
first foreign currency-denominated bonds to raise 25 million
dollars after the island obtained a sovereign rating,
officials said Wednesday.
The sovereign rating will not be
used as a marketing tool but the government is keen to
accept any extra bids over and above the initial offer
amount, the officials said.
The government-owned Bank of
Ceylon will lead-manage the bond, with the Central Bank and
the treasury helping to market the issue.
“The treasury and the Central
Bank will tap our diplomatic missions abroad to reach out to
Sri Lankans living and working overseas,” Bank of Ceylon’s
chief dealer N K Dahanayake said.
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