Sri Lanka develops investor following with $1 billion global

The sovereign returns with another successful global bond, while People's Leasing lines up its own deal.

Sri Lanka develops investor following with $1 billion global

Sri Lanka raised $1 billion in the debt markets early Tuesday morning, shrugging off concerns about its fiscal deficit and recent currency devaluation. The sovereign attracted a massive $10.5 billion order book from 425 accounts, a sign that it continues to broaden its following among investors.

“Since Sri Lanka issued its bond in 2007, it has improved its pricing each year and broadened its investor base,” said one source. “About 140 investors participated in its...

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