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Sri Lanka sells 5-year, US$500m sovereign bond at 5.125% yield

Published on Apr 8, 2014 12:16 PM

COLOMBO, April 8 (Reuters) - Sri Lanka sold a US$500 million (S$630 million), five-year sovereign bond at a yield of 5.125 per cent, the island nation's central bank said on Tuesday.

It was the second eurobond the US$67 billion economy sold this year. In January, it sold US$1 billion, five-year sovereign bond at a yield of 6 per cent.

The Indian Ocean island nation's 2014 budget approved a US$1.5 billion overseas borrowing to finance some infrastructure projects.

The latest bond issue, the seventh by Sri Lanka since the first eurobond in 2007, was priced at a yield of 5.125 per cent after a 5.5 per cent initial price guidance.

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