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Sri Lanka's National Savings Bank sets talk in 9¼% area for dollar benchmark five-year notes
By Christine Van Dusen
Atlanta, Sept. 12 - Sri Lanka's National Savings Bank set talk in the 9¼% area for its dollar-denominated offering of benchmark-sized notes due in five years (expected ratings: /B+/BB-), a market source said.
Barclays, Citigroup and HSBC are the bookrunners for the Rule 144A and Regulation S deal.
The notes include a change-of-control put if the government ceases to own and control directly or indirectly 100% of capital stock.
The notes are expected to price on Thursday.
The issuer is a Colombo-based lender.
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