Sri Lanka has decided to go for a US $ 500 million sovereign bond issue, the second bond issue for this year.

Sri Lanka successfully concluded a US $ 1 billion 5-year sovereign bond issue in January.

Citigroup, HSBC and Standard Chartered Bank have been appointed as the mangers to the issue.

The government in2014 budget announced its plans to raise US $ 1.5 billion through international bond issues.