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 billion for a $100 million deal and was able to tighten guidance from the 7% area to 6.875%. Indeed, the provisional five-day roadshow covering Asia, Europe and the Middle East was cut short, with management...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222