Sri Lanka sells USD327mn of 1, 3 and 5 year development bonds

June 25, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 100 million US dollars have been oversubscribed with 357.00 million US dollars of bids received from investors.

The central bank has accepted 255.00 million US dollars of one year bonds at a floating rate of weighted average margin over six month LIBOR of 340.12.

The bond auction held on Thursday accepted 35.00 million US dollars of three year bonds at a floating rate of 376.43.

The public debt department of the central bank has also accepted 37.00 million US dollars of five year bonds at a floating rate of weighted average margin over six month LIBOR of 410.95.