Sri Lanka is to raise US$500 million (60 billion yen) by issuing Japanese Samurai bonds via investment banks.
The Central Bank on behalf of the government has invited proposals from banks and investment houses for consideration to be appointed as Joint Lead Arrangers for the proposed Samurai bond issuance.
The government intends to issue a bond up to about 60 billion Japanese yen in a benchmark size single tranche with a fixed coupon of 10-year maturity as its first Samurai bond issuance, the Central Bank’s RFP notice revealed.
The cabinet of ministers has approved the proposal to appoint lead managers to launch Sri Lanka’s first-ever yen-denominated Samurai bond issuance worth 500 million US dollars in Japan.
In this perspective, JPY denominated bonds for benchmark size issuances will be exercisable in single or multiple tranches with competitive fixed coupons and in medium to long term maturities.
According to the Central Bank, Japan Bank for International Co-operation (JBIC) has offered a 95 per cent credit guarantee for the bond.
(Bandula)
You can share this post!
Content
Tamar Amitai, a 25-year-old Israeli tourist who went missing in Uppuveli, Trincomalee, was found safe after a three-day joint search operation today.
The Colombo High Court today (28) sentenced former parliamentarian Hirunika Premachandra to three years of Rigorous Imprisonment over charges of the involvement of an abduction.
President Ranil Wickremesinghe is firm about the President’s five-year tenure, the President’s Media Division (PMD) said.
Leave Comments