Carrier sells Sri Lanka's first corporate bond

SriLankan Airlines has raised $175 million from international debt capital markets — the first company to do so.

Carrier sells Sri Lanka's first corporate bond

SriLankan Airlines sold a capped $175 million five-year senior bond on Monday, becoming the island nation's first-ever corporate debt issuer on international capital markets.

The state-run carrier’s international bond offering is the second so far this year from the so-called frontier market of Sri Lanka, after the government sold a landmark $1 billion five-year note in January.

SriLankan Airlines priced its note, which is guaranteed by the country's government,...

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