Central Bank to sell USD 75mn worth of development bonds

Oct 05, 2015 (LBO) – The Central Bank will issue 75 million US dollars of development bonds of one year, three years and three months, and four years and eight months to local and foreign investors.

The Debt Department said the subscription will be at a rate of US dollar six month LIBOR plus a margin (floating rate) or at a fixed rate to be determined through competitive bidding.

Minimum investment is 100,000 US dollars with additional investments in multiples of 10,000 US dollars.

The issue will be open for subscription from 8 to 15 October and has a date of settlement of 19 October 2015.