The Central Bank of Sri Lanka (CBSL) has stated that the US$ 2.0 billion international sovereign bond has received US$ 6.2 billion in orders, with fund managers from the US buying 60 percent of the issued.
Airtel Lanka has reportedly introduced a new product offering unlimited voice call, which is seen as a move that would revolutionise the country’s telecom industry.
The United States has further eased the travel advisory issued on Sri Lanka following the Easter Sunday attacks on several churches and hotels in the country.
Lanka has reportedly raised US$ 2.0 billion from five and 10 year sovereign bonds, which is the second such sale in 2019.
Sri Lanka sold US$ 500 million of five year bonds for 6.35 percent and US$ 1.5 billion of 10 year bonds for 7.55 percent, Bloomberg Newswires has reported.
Malaysia based Hyrax Oil Sdn. Bhd, which has commissioned a contract blending for Sri Lanka’s state owned Ceylon Petroleum Corporation (CPC) is reportedly looking at reaching other South Asian markets to use excess capacity.