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Sri Lanka NSB raises 750mn at 8.875-pct

Sept 13, 2013 (LBO) - Sri Lanka's state-run National Savings Bank has raised 750 million US dollars at 8.
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875 percent, international capital market sources said. Price guidance for the bond was initially set at 9.
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25 percent amid volatile global conditions but narrowed to 8.875 percent amid stronger orders.
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The bank went to the market for 500 million US dollars and had collected orders worth 2.

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0 billion US dollars, sources said.

Some investors who had bought Bank of Ceylon bonds earlier had sold out to buy into NSB.


The yield on BOC bond had widened as a result, they said. .

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