US$ 400 m international bond issue

COLOMBO: The Central Bank of Sri Lanka is planning to issue an International Bond amounting to US$ 400 million or its equivalent in international markets during September-October 2007.

The funds which will be mobilised through the proposed bond issue will be used to finance the Government’s infrastructure development programme.

This debut sovereign bond issue will also serve as a benchmark for other corporate in Sri Lanka which have the capability of raising money in international capital markets, the Central Bank said.