Sri Lanka raise USD 988mn in sovereign and development bonds: CB

May 29,2015 (LBO) – The Central Bank of Sri Lanka (CBSL), on behalf of the government successfully launched and priced a 650 million US dollar, 10-year international sovereign bond (issue) at a yield of 6.
125 per cent per annum on 28th May 2015, the bank said.
CBSL also issued 329 million US dollar of Sri Lanka development bonds (SLDBs) of 1 year 1 month maturity at a Weighted Average Margin (WAM) of 316.69 bps and 9 million US dollars of SLDBs of 2 years 11 months maturity at a WAM of 353.
89 bps, over 6 month London Interbank Offered Rate (LIBOR).
Accordingly, a total of 988 million US dollars was raised via International Sovereign Bonds and SLDBs at a weighted average cost of 5.
261 per cent per annum.