Inaugural International Sovereign Bond (ISB 2007 - $500M)

ප්‍රථම ජාත්‍යන්තර ස්වෛරී බැඳුම්කරය (ISB 2007 - ඩොලර් මිලියන 500)

FULLY_REPAID

Official Agreement: Government of Sri Lanka USD 500,000,000 8.25% Sovereign Notes due 2012

Original Principal$500 MUSD 500,000,000

Current Outstanding$0 MRs. 0 M

Principal Repaid$500 MInterest Paid: $206.25M

Interest Rate8.25%FIXED (8.25% Fixed Annual Coupon payable Semi-Annually)

Why Was This Loan Taken? Officially Stated Purpose

Budget support, infrastructure development financing, and balance-of-payments external buffer fortification.

අයවැය මූල්‍යනය, යටිතල පහසුකම් සංවර්ධනය සහ විදේශ ගෙවුම් ශේෂ සංචිත ශක්තිමත් කිරීම.

Responsible MinistryMinistry of Finance & Planning

Implementing AgencyPublic Debt Department, Central Bank of Sri Lanka

Project Site / ScopeNational / Treasury General Account

Full Contractual Terms & Financing Conditions

CreditorInternational Institutional Investors & Asset ManagersInternational Commercial Bondholders

Borrower EntityDemocratic Socialist Republic of Sri Lanka (Ministry of Finance / CBSL)GOVERNMENT_OF_SRI_LANKA

Signing Date2007-10-24Effective: 2007-10-24

Final Maturity2012-10-24Original: 2012-10-24

Interest Rate8.25% (FIXED)Fixed Coupon

Grace Period5 YearsPrincipal moratorium

Repayment FrequencySEMI_ANNUALBULLET MATURITY

Commitment Fee0%On undisbursed balance

CONTRACTUAL TIMELINE

Loan Duration & Repayment Schedule Architecture

Total Tenure: 5 Years

Agreement Signing2007-10-24Year: 2007

Grace Period Moratorium5 YearsInterest only (No principal due)

Principal Repayment Starts2012-06-30Frequency: SEMI_ANNUAL

Final Maturity2012-10-24Matured / Settled

Amortization Method: BULLET MATURITY

Repayment Window: 0 Years

Government in Office & Political Context When Signed

President / Head of StateMahinda Rajapaksaමහින්ද රාජපක්ෂ

Prime MinisterRatnasiri Wickremanayake

Finance MinisterMahinda Rajapaksaමහින්ද රාජපක්ෂ

Constitutional Record: This loan was executed under the official mandate of the Mahinda Rajapaksa Administration. The sovereign obligor is the Democratic Socialist Republic of Sri Lanka.

Auditor General Official Record

No adverse special audit query on record for this loan facility in National Audit Office archives.

Cabinet & Parliament Approvals

Cabinet Paper: CP/07/1650/02 (2007-08-08)

Approved issuing first US$ 500 Million 5-Year Sovereign Bond in international capital markets with Barclays, HSBC & JPMorgan as lead managers.

Parliamentary Hansard / Act: Foreign Loans Act No. 29 of 1957 & Appropriation Act Borrowing Limit Resolution

Approved under Appropriation Act limits

Payment-level contract amortization schedule not publicly disclosed by creditor.

Aggregate annual repayments and outstanding balances are reported under CBSL Public Debt Bulletin.

Verified Document Library & Primary Sources

Tier: PRIMARY_OFFICIAL

Central Bank of Sri Lanka Annual Report 2025 (Public Debt Operations)Central Bank of Sri Lanka (CBSL) | Published: 2026-04-30

Verify Source

Ministry of Finance & Planning - Public Debt Management Bulletin (Q4 2025)Department of Public Debt, Ministry of Finance | Published: 2026-02-15

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