(REUTERS) Sri Lanka has appointed seven lead managers including for the upcoming up to $1.5 billion sovereign bond with the country expected to tap the capital market "possibly later in May", a source close to the deal told Reuters on Thursday.
The banks are Citigroup, Deutsche Bank, HSBC, Standard Chartered Bank, Morgan Stanley and two Chinese institutions, the source, who has direct knowledge of the deal, told Reuters.
A government source who also has knowledge of the deal confirmed the seven banks.
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The Ministry of Environment has taken steps to declare an additional 50 forests as protected reserves, Under the ’Wanaspati’ National Programme.
The National Water Supply and Drainage Board (NWSDB) warned that water supply restrictions would be imposed from 8.00pm today in Colombo District from today onwards
The meteorology department issuing a warm weather advisory for today that the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in Western, Sabaragamuwa, Southern, North-western, Northern and North central provinces and in Monaragala district.

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