SriLankan Airlines, a troubled airline of a troubled government, hopes to issue its second US dollar bond later this month. The state-owned airlines’ litany of woes include being under criminal investigation, suffering losses for nearly a decade and lawsuits from foreign companies.
It plans to issue $175 million 5-year Reg S paper guaranteed by the Sri Lankan government later in June. If the sale goes ahead, proceeds will be used fully to redeem the airline's first US dollar bond of $175 million due to mature on June 27.
Price guidance for the proposed bond will be given on Thursday, FinanceAsia understands. The government guarantee means...
¬ Haymarket Media Limited. All rights reserved.
