Sri Lanka looking at a US$ 250 million equivalent Panda bond in China in 2018

Sri Lanka looking at a US$ 250 million equivalent Panda bond in China in 2018

Governor of the Central Bank of Sri Lanka, Indrajit Coomaraswamy has reportedly stated that the country is planning a US$ 250 million equivalent Panda (Yuan denominated) bond in China in 2018.
The Governor has said that Sri Lanka had already gone on a non-deal road show and seen interest among banks and insurers.
The People’s Bank of China has reportedly set up a task force to help Sri Lanka raise a Panda bond.
According to reports, Sri Lanka has is also raising another 1.0 billion from a syndicated loan from China Development Bank.

OSL take:

This would offer an ideal opportunity for foreign businesses/investors looking at investing in Sri Lanka to engage with the island nation.

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Article Code : VBS/AT/08082018/Z_4

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