Sri Lanka sells $81.25mn of 2 and 3 year development bonds

Apr 28, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 50 million US dollars have been oversubscribed with 108.25 million US dollars of bids received from investors.

The central bank has accepted 30.00 million US dollars of two year bonds at a rate of 6 month US dollars LIBOR plus a weighted average margin of 360 basis points.

The bond auction held on Tuesday accepted 51.25 million US dollars of three year bonds at a rate of 6 month US dollars LIBOR plus a weighted average margin of 377.20 basis points.