FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

Sri Lanka’s BOC raises US$ 500 million via a dollar bond, offer oversubscribed by 6.8 times Vote_lcap68%Sri Lanka’s BOC raises US$ 500 million via a dollar bond, offer oversubscribed by 6.8 times Vote_rcap 68% [ 178 ]
Sri Lanka’s BOC raises US$ 500 million via a dollar bond, offer oversubscribed by 6.8 times Vote_lcap18%Sri Lanka’s BOC raises US$ 500 million via a dollar bond, offer oversubscribed by 6.8 times Vote_rcap 18% [ 47 ]
Sri Lanka’s BOC raises US$ 500 million via a dollar bond, offer oversubscribed by 6.8 times Vote_lcap13%Sri Lanka’s BOC raises US$ 500 million via a dollar bond, offer oversubscribed by 6.8 times Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» CLC placed on a Slingshot . . . !!!
by cseguide Yesterday at 11:30 pm

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by LHW Yesterday at 10:35 pm

» WATAWALA PLANTATION PLC (WATA.N0000)
by Niwa Yesterday at 10:22 pm

» ELPL-WATA-UDPL
by Niwa Yesterday at 10:14 pm

» Dusit Thani Sri Lanka project halted?
by js71 Yesterday at 8:48 pm

» BOGALA GRAPHITE LANKA PLC
by cheetah Yesterday at 8:19 pm

» WATA good times are ahead
by cseguide Yesterday at 8:16 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by jaya Yesterday at 6:50 pm

» EXPO/BILL/LOLC
by SAGA Yesterday at 6:35 pm

» The fate of NIFL .. CLC .. LOFC under LOCH
by Shivanthini Yesterday at 3:57 pm

» CLC - Bull & Bear LOCKED HORNS - can blast at any time.
by Shivanthini Yesterday at 3:55 pm

» CFLB hidden gem
by skyfall Yesterday at 2:13 pm

» LLUB Dividend
by rajithasahan Yesterday at 1:49 pm

» GLAS will be winner with Super Gain.
by invest thinker Yesterday at 11:36 am

» Next Bull - ELPL/Elpitiya Plantation
by Tissa Yesterday at 6:31 am

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by Ekanayake90 Sun Oct 24, 2021 9:52 pm

» What happen to Dhammika Perera
by Basu Sun Oct 24, 2021 8:48 pm

» AEL becomes the major producer & supplier of asphalt concrete in Sri Lanka
by samaritan Sun Oct 24, 2021 3:44 pm

» KOTAGALA PLANTATION PLC (KOTA.N0000)
by Tissa Sun Oct 24, 2021 11:38 am

» ELPITIYA PLANTATIONS PLC (ELPL.N0000)
by Tissa Sun Oct 24, 2021 11:12 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka’s BOC raises US$ 500 million via a dollar bond, offer oversubscribed by 6.8 times

Sri Lanka’s BOC raises US$ 500 million via a dollar bond, offer oversubscribed by 6.8 times

2 posters

Go down  Message [Page 1 of 1]

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
By: Prasanna C. Rodrigo

Bank of Ceylon on Monday has raised US$ 500 million via a five year tenor dollar bond issue, which has been oversubscribed by 6.8 times.
The notes has been priced at 5.325-pct.

The Bank’s initial aim has been only to raise US$ 300 million via this offer, but has up-sized the issue owing to the high demand it has received.
BOC has attracted bids worth over US$ 2 billion from over 140 investors.

Asian investors have taken 74-pct of the allocations, while European investors have accounted for the remainder.

“The offering priced at a final coupon of 5.325%, tighter than initial guidance of 5.50% area, reflecting the quality and strength of the order book”, the Bank announced in a statement issued.

BOC says, this transaction is in line with its long-term funding strategy of diversifying its funding sources, and establishing its credit curve in the international bond markets.

“This transaction marks our second issuance in the USD bond market, and we are pleased to have captured a strong market window with this benchmark offering. We are also encouraged by the strong response and the broad participation by both international investors and private banks,” P.A. Lionel, Head of International, Treasury and Investment Banking of the BOC was quoted in the statement.

This is second time in a span of 12 months the BOC has raised US$ 500 million via issuing dollar bonds.

The earlier one was the US$ 500 million it raised during April 2012 by issuing bonds at a cost of 6.875%. The new issue priced at a yield that is more than 150 bps lower.

The sole bookrunner and sole lead-manager for the offering was UBS AG, Singapore Branch.
http://www.news360.lk/economy/news-banking-debt-sri-lanka%E2%80%99s-09-04-2013-boc-raises-us-500-million-via-a-dollar-bond-offer-oversubscribed-by-6-8-times-9908876

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Good to see.

Hope authorities do things to increase this positive trend and foreign confidence . ( not do thing like expropriation again)

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum