COLOMBO: Sri Lanka launched a $500 million, 5.5-year bond at a yield of 5.75 percent and a $1 billion, 10-year bond at 6.825 percent on Monday, to be allocated and priced shortly, a source close to the deal told Reuters.
The island nation's first two-tranche bond has already received orders exceeding $4.5 billion, forcing yields lower.
Citigroup, Deutsche Bank, HSBC and Standard Chartered are joint bookrunners. Last October, Sri Lanka sold a $1.5 billion 10-year bond at 6.85 percent.
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