Jan 21 (Reuters) - Sri Lanka is considering a 2011 sovereign bond offering of at least $500 million, the Indian Ocean nation's central bank governor said on Friday.
"There is a scope for a sovereign bond this year. But we have not finalised. The minimum size will be $500 million, if we are going for it, and we are looking at long-term now," Central Bank Governor Ajith Nivard Cabraal told Reuters while on a trip to the northern city of Jaffna.
Sri Lanka's third offering to international capital markets came in September last year in the form of a $1 billion, 10-year eurobond yielding 6.25 percent. It received $6.33 billion in offers. [ID:nTOE68Q06M]
That followed two $500 million, five-year bond sales, the first in 2007 and the second in 2009. Sri Lanka is trying to bring down its long-term borrowing costs as it fights to cut a debt-to-GDP ratio of 84 percent. (Reporting by Shihar Aneez; Editing by Bryson Hull)
source - in.reuters.com
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