Bid manager appointed to raise $500 m Samurai bond

The Government has appointed a bid manager to raise $500 million via Samurai bonds and is hopeful that it will be presented to the Cabinet next week for approval, a top official confirmed.“The Monetary Board of the Central Bank has approved a bid manager for the $500 million Samurai bond. Once informed to the Treasury, we hope to submit the proposal to seek Cabinet approval by next week,” he said. In August, the Cabinet gave approval to Central Bank to issue Sri Lanka’s first Samurai bond of $ 500 million in October or November.

He also said that the election cycle in the country was of no concern to raise the Samurai bond.