Srilanka ten years bond overs subscribed more than seven times. Srilanka government lunched USD 1 billion of bond (1000 Million Srilanka Rupees) over subscribed. Weston countries investors mostly like in brought specially European and US more interest.
This significant change in world wide demand srilanka bond after the war government expected more foregin investments but this not achieve until but the bond sold out as more change specially westorn countries prefer as good opportunities and also
"investor said we ready for invest"
Government remove the barriers in investment.
He said investors from the US accounted for just over 40 percent of the subscription, followed by Europe with about 30 percent.
Deputy governor in Central banks said that "There was strong demand. Investors are now familiar with Sri Lanka and the good economic fundamentals,"
Possible Result in Economic
- The island's $50-billion economy is tipped to grow at a record 8.5 percent this year, up from a 32-year high of 8.0 percent posted in 2010.
- This is Sri Lanka's fourth international bond offering since it first tapped foreign capital markets in 2007.
Officials said the bond proceeds will be used to settle expensive debt and raise cash for infrastructure investment, including post-war building in the island's north and east.
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