Sri Lanka launches 10-year sovereign bond

Sri Lanka has tightened the final guidance to 6.25 percent area, plus or minus 5 basis points, for its proposed 10-year US dollar bond.
The Central Bank earlier had said it planned to raise US $ 1.5 billion via a US dollar denominated bond issue.
According to Thomson Reuters Eikon, the initial yield guidance was in the 6.625 percent area and the issue has reportedly received orders above US$ 7.75 billion. 
Citigroup, Citic CLSA, Deutsche Bank, HSBC, ICBC International, JP Morgan and Standard Chartered are joint bookrunners.
Fitch Ratings has assigned the bond issue an expected rating of ‘B+(EXP)’.