Sri Lanka
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Indonesia’s move to pre-fund its 2017 financing requirements with a bond last week surprised the market. Views are mixed on whether it made the right decision but DCM bankers in the region hope other sovereigns will also look to make an early start on funding plans. -
Lenders are working on credit facilities to back the potential acquisition of a stake in Indian company Bharti Infratel by private equity firms.
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Sri Lanka’s economy is slowly being wrestled back into shape, following the disastrous era of scattergun borrowing and spending that embodied the previous government. But, the country’s finance minister tells Global Markets, much remains to be done in order to clear a huge backlog of debt and toxic loans out of the financial system, and get the economy moving again
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Sri Lankan commercial lender Sampath Bank has wrapped up its latest fundraising at $100m, fully using a $50m greenshoe on the back of demand from Middle Eastern and Indian lenders.
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Lanka Orix Leasing Company has tapped two banks to lead its debut offering in the international bond market. The Sri Lankan firm is set to hit the road from Thursday.
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Allocations are out for the government of Sri Lanka’s $700m three year borrowing, which has more than doubled from the launch size of $300m.
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The government of Sri Lanka’s three year borrowing has turned out to be a hit, allowing it to hike the loan to $700m, beyond the $500m it was eyeing after a greenshoe.
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Lanka Orix Leasing Co (LOLC) is preparing for its inaugural offshore outing, with the Sri Lankan borrower still to decide between US or Singapore dollars.
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Sri Lankan commercial lender Sampath Bank is following in the footsteps of the sovereign by tapping the loan market for funds, launching a $50m borrowing with an unspecified greenshoe.
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The government of Sri Lanka’s $300m three year borrowing has received a chunky commitment in syndication, according to a source.
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Everything fell into place for the Sri Lankan government’s return to the debt market on Monday when it sealed $1.5bn from a dual-trancher, shrugging off concerns about its fiscal problems and recent rating downgrade.
