Investors fight over Sri Lanka Telecom

Tight pricing and large order book fuel success.

Sri Lanka Telecom made its debut in the international bond markets on Friday November 19 with an unexpectedly strong investor showing for its five-year bond deal. Part of its achievement can be attributed to rarity value given the deal marks the first fixed rate transaction from Sri Lanka and the country's first rated offering.

Under the lead management of Standard Chartered and UBS, the BB Fitch rated group attracted an order book of $1...

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