Sell sovereign bond

Sri Lanka has selected Bank of America, Citi, HSBC and Barclays Capital to sell sovereign bond of up to a billion US dollars this year, the Central Bank which raises debt for the Treasury said.

State-run Peoples' Bank will be co-lead manager. In past bond sales state-run Bank of Ceylon has been a co-lead manager.

Sri Lanka last year sold a 10-year billion dollar bond to yield 6.25 percent which is now trading around 5.96 percent, lower than some European countries, analysts said. In October, Sri Lanka's maiden 500 million US dollar sovereign bond is maturing.