Sri Lanka is just waiting for the right moment to place USD bonds, according to the central bank governor‟s comments. The proceeds will be used to repay debt (around USD 420 of notes will mature this year) and for infrastructure spending. SRILAN‟19 (B1/B+/BB- M/S&P/F) OAS is just 390 bps in line with the average OAS for Asian „BB‟ issuers.
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