Lanka tightens guidance on 10-yr dlr bond: Report
September 27, 2010 03:12 pm
(Reuters) - Sri Lanka has tightened the price guidance on its planned benchmark-sized, 10-year sovereign dollar bond issue, a source close to the deal said on Monday.
Sri Lanka planned to sell the debt at 6.3745 to 6.6255 percent, the source said, versus an earlier guidance of around 6.5 percent. The bond could be priced as early as Monday, the source said.
Bank of America Merrill Lynch, HSBC Holdings Plc (HSBA.L) OOO5.HK and Royal Bank of Scotland Group Plc (RBS.L) were managing the sale.
The government met investors in Asia, the United States and Europe ahead of the sale. - (Reuters)