(MENAFN) Sri Lanka announced that it had gained USD1 billion through a sovereign bond issue regardless of the International Monetary Fund warning against increasing its foreign borrowing, The Peninsula Qatar reported
The country's central bank said the five-year bond, at an annual six percent yield, was more than three times oversubscribed within hours of opening on Monday
The bank said that 62 percent of the total bonds were purchased by investors from the US and, while European investors formed 26 percent of the total and Asian investors made up the rest
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.