Sri Lanka DFCC, NDB plan $250 mln, 10-yr global bonds-Treasury

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Sri Lanka DFCC, NDB plan $250 mln, 10-yr global bonds-Treasury

Post by Admin on Tue Jun 11, 2013 11:06 pm


(Reuters) - Sri Lanka's top development lenders, National Development Bank and DFCC Bank are planning a $250 million bond issue each, Deputy Treasury Secretary S.R. Attygalle told Reuters on Tuesday.

"Both NDB and DFCC are working on the bond issue. Each of them will go for $250 million, 10-year bond issue," Attygalle said. He did not say when the lenders planned to tap the global capital market.

On Friday, Attygalle said Sri Lanka's state-owned National Savings Bank (NSB) is likely to sell up to $1 billion of global bonds by the end of this month, the biggest corporate bond issue so far. (Reporting by Shihar Aneez; Editing by Sanjeev Miglani)

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