Sri Lanka sells US$152 million in floating rate bonds

Feb 15, 2013 (LBO) – Sri Lanka has sold 152.12 million US dollars of 3-year bonds to yield 400 basis points above the 6-month London Interbank Offered Rate, the state debt office said. The debt office which is a unit of the Central Bank offered to sell 60 million dollars of bonds styled ‘Sri Lanka Development Bonds’ and had received bid of 152.12 million US dollars.

The 6-month Libor rate was 0.4649 on Friday, the debt office said.

The bonds can be bought by banks in Sri Lanka and entities who are allowed to keep foreign currency deposits.

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