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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» Blossom March
by celtic tiger Today at 4:48 pm

» TRUE VALUE OF LANKA ALUMINUM INDUSTRY (LALU)
by Susil Mendis Today at 4:11 pm

» Good time to collect fundamentally sound shares
by celtic tiger Today at 4:04 pm

» TILE / LWL / RCL
by geesura Today at 4:02 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by subash81 Today at 2:15 pm

» RICH or TKYO
by subash81 Today at 2:14 pm

» Inefficiency
by stockchaser Today at 1:25 pm

» Sometimes you might find that you have lost all your money in the market by investing in the non profitable stocks in the market.
by pjrngroup Today at 10:58 am

» පෙබරවාරි මාසේ කොළඹ කොටස් වලට මොකක්ද වුනේ - බැසුවාද ? බැස්සාද ?
by Wickyz Today at 10:54 am

» ACL post share split trading and the future potential
by Wickyz Today at 10:47 am

» GLAS will be winner with Super Gain.
by Promoney Today at 9:54 am

» NATIONS TRUST BANK PLC (NTB.N0000)
by Eranx Today at 8:00 am

» Daily Foreign Transactions
by Pradeep90 Yesterday at 10:11 pm

» DIPD/HAYC/HAYL
by Chathur Yesterday at 9:44 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by arun.cse Yesterday at 1:14 pm

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by Rational Investor Yesterday at 11:58 am

» Opportunities after CSE drop
by EquityChamp Yesterday at 11:36 am

» Amana Bank's total assets cross Rs100 bilion with Rs 1billion operating profit
by samaritan Yesterday at 11:25 am

» Pakistan keen to invest in port city: Cabraal
by samaritan Yesterday at 11:16 am

» BROWNS INVESTMENTS PLC (BIL.N0000)
by samaritan Yesterday at 11:02 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » SL issues 1 billion dollar bond

SL issues 1 billion dollar bond

Go down  Message [Page 1 of 1]

1SL issues 1 billion dollar bond  Empty SL issues 1 billion dollar bond Tue Jan 07, 2014 4:35 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
http://www.financeasia.com/News/368915,sri-lanka-issues-tightly-priced-1-billion-bond.aspx

2SL issues 1 billion dollar bond  Empty Re: SL issues 1 billion dollar bond Tue Jan 07, 2014 4:39 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Order book of 3.2b from 200 accounts

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Jan 07, 2014 (LBO) - A billion US dollar 5-year sovereign bond sale at 6.0 percent, below yields seen in similar issues earlier is a sign of investor confidence amid turbulent markets, the state debt office said.

In 2007 Sri Lanka sold its first sovereign bond at 8.25 percent and at 7.40 percent in 2009.

The debt office which is a unit of the Central Bank said that the bond sale which attracted 2.3 billion US dollars of orders was "all the more impressive, given the rising bench mark US Treasury yield and also the high volatility seen in global capital markets in recent months."

Sri Lanka raised a billion US dollars in 10-year fund in July 2012 for as little as 5.875 percent, but a quasi-state issuer in 2013 had to pay rates as high as 8.875 percent as global markets were spooked last year.

The full statement is reproduced below:-

Democratic Socialist Republic of Sri Lanka US$ 1.0 billion International Sovereign Bond Issue

The Central Bank of Sri Lanka (CBSL), on behalf of the Democratic Socialist Republic of Sri Lanka (Sri Lanka), successfully launched and priced a US$ 1.0 billion 5-year International Sovereign Bond (Issue) at a yield of 6.00 per cent per annum.

The Issue represents the sixth US Dollar benchmark offering in the international bond markets by Sri Lanka since 2007 and the first Sovereign Bond issue in the international capital markets in 2014.

Citigroup, The Hongkong and Shanghai Banking Corporation Limited, Standard Chartered Bank and UBS acted as Joint Lead Managers/Bookrunners on the transaction.

Post announcement of the transaction, Sri Lanka conducted a series of fixed income investor update through internet based presentations and conference calls covering Asia, Middle-East, Europe and the USA.

Fitch Ratings, Moody's Investors Service and Standard and Poor’s have rated the Issue at 'BB-', ‘B1’ and ‘B+' respectively. The Issue was announced during the Asia morning on January 6, 2014 with an initial price guidance of 6.25 per cent per annum.

With the firm support from investors, the order books grew steadily, allowing Sri Lanka to price the Issue at a yield of 6.00 per cent in spite of the rising benchmark US Treasury yield.

This tighter yield reflects the continued confidence that the international investors have placed in the sovereign bond issuance of Sri Lanka.

The final order books stood at US$ 3.2 billion, an oversubscription ratio of 3.2 times, from 200 accounts, achieved within eighteen hour bookbuild period. Distribution was very well diversified, with Asia taking 12 per cent, Europe 26 per cent and the US at 62 per cent.

Fund Managers were the largest investors in the transaction, representing 89 per cent, with Banks and Private Banks taking 8 per cent and 3 per cent respectively.

Driven by the support from existing and new investors, Sri Lanka succeeded in achieving a five-year cost of funds which is progressively lower compared to the previous Issuances.

Sri Lanka’s previous five-year Issuances in 2007 and 2009 were priced at yields of 8.25 per cent and 7.40 per cent respectively. This achievement is all the more impressive, given the rising bench mark US Treasury yield and also the high volatility seen in global capital markets in recent months.
www.lbo.lk

4SL issues 1 billion dollar bond  Empty Re: SL issues 1 billion dollar bond Tue Jan 07, 2014 5:29 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Glad to see these $ bonds are fully subscribed

$ bonds + remittance = surviving

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
The success of the latest sovereign bond issued by Sri Lanka shows the country’s strong credit story, says Shamindra Marcelline, Head of Financial Institutions Group of HSBC, Sri Lanka.

“The issuance reiterates the confidence placed by the international investor community in the country’s strong credit story clearly articulated by the robust road map laid out by the Governor of Central Bank of Sri Lanka”, Marcelline said in a statement issued by the Bank.

HSBC was one of the Bookrunners who helped Sri Lanka launch the bond on Monday, the first such sovereign bond issue in the international capital markets in 2014.

“HSBC is extremely delighted to have supported the Central Bank of Sri Lanka, in issuing the first sovereign bond in the international capital markets in 2014 and Sri Lanka’s sixth overall”, Patrick Gallagher, CEO HSBC Sri Lanka and Maldives said in the statement.

The Bank is the only bank to have consecutively partnered the Government of Sri Lanka on all of its sovereign bond issuance’s since 2007.
Sri Lanka raised US$ 1 billion out of its latest sovereign bond issue at a price of 6-pct.

“This tighter yield reflects the continued confidence that the international investors have placed in the sovereign bond issuance of Sri Lanka”, The Bank further said in its statement.

Sri Lanka’s previous five-year Issuance’s in 2007 and 2009 were priced at yields of 8.25% and 7.40% respectively.
www.news360.lk

6SL issues 1 billion dollar bond  Empty Re: SL issues 1 billion dollar bond Wed Jan 08, 2014 3:45 pm

pushpakumara


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Could this be a major factor for the market to be on the up trend?

Sponsored content


Back to top  Message [Page 1 of 1]

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