ECONOMYNEXT – Sri Lanka’s cabinet has approved the sale of foreign currency denominated bonds to local market, spokesman Nalinda Jayatissa said. A survey had found that there was an appetite for around 100 million US dollars of bonds of less than 1 year to 3 years, he said. Sri Lanka should structure longer term syndicated loans after appointing lead managers who will negotiate with other to structure a long term instrument to help settle some of the maturing debt, and make use to dollar savings in banks, analysts have said. The appointment of a mandated lead manager in other markets,…
Sri Lanka to sell dollar bonds to local market again
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