CBSL marks return to US$ bond markets

CBSL marks return to US$ bond markets

The Central Bank of Sri Lanka has marked its return to the US dollar bond markets with a successful issuance of new US dollars 1.25 billion 5-year and US dollars 1.25 billion 10-year Senior Unsecured Fixed Rate Notes with maturity dates of April 18th 2023 and April 18th 2028 respectively.

In a statement on its official website the CBSL said the Notes have been rated ‘B1’, ‘B+’ and ‘B+’ by Moody’s Investors Service, Standard and Poor’s and Fitch Ratings respectively.

This marks Sri Lanka’s twelfth US dollar benchmark offering in the international bond markets since 2007.

The CBSL further noted this also represents the largest offshore bond offering ever by Sri Lanka and is a strong reflection of the international investor community’s continued support for Sri Lanka through the years.

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