By Anusha Ondaatjie
Aug. 4 (Bloomberg) -- Sri Lanka plans to hire bankers this week to manage a proposed $1 billion overseas bond sale later this year, a central bank official said.
Seven foreign lenders and investment banks have expressed their interest in managing the sale, S.S. Ratnayake, the superintendent of the Central Bank of Sri Lanka’s public debt department, said in a telephone interview in Colombo today.
“The monetary board will decide whether it will be a single manager or more,” he said. “We hope to finalize within this week.”
The central bank said yesterday it is aiming for the sale “around September” as the nation raises funds to build infrastructure and repay high-cost local and foreign-currency debt. The South Asian island’s last global bond sale in October attracted bids for more than 13 times the $500 million offered.
To contact the reporter on this story: Anusha Ondaatjie in Colombo, Sri Lanka at anushao@bloomberg.net.
Last Updated: August 4, 2010 00:40 EDT
source - http://noir.bloomberg.com
No comments:
Post a Comment