HSBA Hsbc Holdings Plc

   By Anjani Trivedi 
 

HONG KONG--Sri Lanka sold $650 million of sovereign bonds Friday, according to a term sheet reviewed by The Wall Street Journal, mostly to fund managers in the U.S.

The final coupon on the bond was 6.125%, tighter than the initial guidance, while the existing five-year bonds last traded at 5.18%. The 10-year bond deal was led by Citigroup, Deutsche Bank, HSBC and Standard Chartered Bank and accumulated orders of almost $2 billion from 173 investors.

Write to Anjani Trivedi at anjani.trivedi@wsj.com