Sixer

Jan 08, 2014 (LBO) - HSBC said it had helped sell the sixth Sri Lanka sovereign bond with the latest one billion US dollar 5-year bond.







"Counting over 120 years in Sri Lanka, we are the only bank to have consecutively partnered the Government of Sri Lanka on all of its sovereign bond issuances since 2007," HSBC Sri Lanka chief executive Patrick Gallagher said in a statement.

"HSBC has been consistently ranked as the No.1 Debt Capital Markets bookrunner in Asia and this bond is a testament to the ability that we have in closing large capital market transactions, and manifests our strong and continued commitment to the country.

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The bond yielded 6.0 percent, higher than the previous 10-year bond sold at 5.

85 percent in 2012 but considered a favourable rate with US dollar Treasuries yields rising and investors becoming more way about risks of emerging market borrowers.

Shamindra Marcelline, Head of Financial Institutions Group, HSBC Sri Lanka said the deal showed the confidence of investors in Sri Lanka's "strong credit story".

"This also demonstrates the continued strength of our partnership in navigating the current glo