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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

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Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

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Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

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Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyFri Mar 10, 2023 4:43 pm by yellow knife

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Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyFri Mar 10, 2023 10:38 am by yellow knife

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Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

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Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

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Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

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Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

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Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyTue Feb 14, 2023 3:54 pm by ruwan326

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Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

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Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

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Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

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Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

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Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

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Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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    Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds

    The Invisible
    The Invisible
    The Invisible


    Posts : 3116
    Join date : 2016-11-28
    Age : 45
    • Post n°1

    Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds Empty Sri Lanka sells record US$2.5bn in 5, 10-year sovereign bonds

    Post by The Invisible Thu Apr 12, 2018 8:01 am

    Apr 12, 2018 05:39 AM GMT+0530 | 0 Comment(s)


    ECONOMYNEXT - Sri Lanka has sold 2.5 billion US dollars from sovereign bonds selling 5-yaer bonds at 5.75 percent and 10-year bonds at 6.75 percent, at a time when new issue premiums were high in the market.

    Bloomberg Newswires said Sri Lanka raised 1.25 billion dollars in 5-year bonds and 1.25 billion US dollars in 10-year bonds.

    Sri Lanka is raising money partly to early-settle so-called 'bunched up' debt.

    Sri Lanka went to the market at a time when so-called 'new issue premium' or the extra yield investors demand from new issues over existing bonds had suddenly widened to over 30 - 40 basis points from around 10 basis points, international capital market specialists said.

    Sri Lanka has a below investment grade rating of B+ from Fitch.

    "A dollar bond is priced based primarily on three factors," a bond market investor said. "It is based on the US Treasuries rate and the risk premium, which you can see in existing bonds and also the new issue premium."

    Bond yields bottomed out around September 2017 and markets have volatility in 2017 as Fed hiked rates and also global political uncertainty.

    New issue premiums had suddenly widened over the past several weeks as investors demanded a higher yield for new debt, making some issuers hold back. However the Fed is expected to hike rates three or more times this year.

    Sri Lanka sold the 10-year bond at 6.75 percent, about 18 basis points higher than an existing 2027 bond which now has a shorter tenure of about 9 years, indicating narrow or no new issue premium. Sri Lanka recently passed a new tax law to boost revenues and has been narrowing budget deficits giving a boost to investor confidence.

    Sri Lanka sold 2027 bonds in May 2017 when US Treasuries were about 2.35 percent indicating a risk premium of about 385 basis points. US Treasuries are now about 2.79 percent indicating a total risk premium including the 'new issue premium' of about 3.96 percent.

    The 5-year bond was priced at 5.75 percent was close to 50 basis points higher than a 4-year existing bond which was trading around 5.28 percent in recent days.

    A Sri Lanka's 2022 bond was quoted around 5.28 percent.
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