Sri Lanka International Sovereign Bond Issue of US$ 1,000 million in 2010
The Central Bank of Sri Lanka (CBSL), on behalf of the Government, plans to issue an International Sovereign Bond amounting to US Dollar 1,000 million around September 2010. For this purpose, the CBSL has invited leading international banks/investment houses to submit their proposals to act as Lead Manager(s)/Bookrunner(s).
This International Sovereign Bond issue would be within the annual borrowing limit approved by the Parliament for 2010. The proceeds from this Sovereign Bond issue would be utilized for infrastructure development activities carried out by the government and to restructure the existing government debt portfolio by retiring high cost domestic debt and short term foreign currency denominated debt.
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