June 27, 2019

SriLankan Air awards repeat mandate

Standard Chartered Bank, acting as the joint lead manager and joint bookrunner with Credit Suisse, priced in June a $175 million, five-year, fixed-rate senior unsecured Reg S issuance for SriLankan Airlines.

The debt, which yields 7.00%, is guaranteed by the Democratic Socialist Republic of Sri Lanka.

This transaction is the first international bond offering by a Sri Lankan corporate since 2014 and a repeat mandate for Standard Chartered.

Standard Chartered acted as sole bookrunner on the SriLankan Airlines inaugural transaction in 2014.