Sri Lanka to sell $150 mn in debt

June 20, 2012 (LBO) – Sri Lanka’s public debt office is seeking bids to raise 150 million dollars via a bond issue, a public notice said. Those eligible to subscribe include Sri Lankan with dual citizens, foreign nationals and non-resident Sri Lankans, the Public Debt Department of the Central Bank of Sir Lanka said Wednesday.

Bids will remain open from June 18 to 25, with settlement on July 2. The Sri Lanka Development Bonds will carry a three-year tenure, with interest rates priced at six months LIBOR (London Interbank Offered Rate) plus a margin.