Sri Lanka has selected four international investment banks to help the country raise US$ 1 billion from its proposed international Sovereign Bond Issue.

Bank of America Merrill Lynch, Barclays Capital, Citibank N A and the HSBC Corporation Limited are the banks which have been selected.

Central Bank says, these banks were selected out of eight proposals received.

The above four banks will act as Joint Lead Managers, Book runners and Underwriters for the proposed Sovereign Bond issuance.

People’s Bank has been chosen as the Co-manager to work with the four joint lead managers.

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