Sri Lanka raises $2.4 billion from dollar bond sale – sources

Sri Lanka sold $2.4 billion in five-year and 10-year U.S. dollar-denominated bonds on Friday, two people involved in the deal said, successfully tapping the international markets at a time the country is facing strains on its finances.

Sri Lanka sold $1 billion in five-year bonds with a coupon of 6.85 percent and $1.4 billion in 10-year bonds with a coupon of 7.85 percent, the sources said.

(Reuters)