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Sri Lanka sells $100mn of 5 year development bonds; rejects all bids at 2 and 3 years

Mar 27, 2015 (LBO) - The issue of Sri Lanka development bonds amounting to 75 million US dollars have been oversubscribed with 100 million US dollars of bids received from investors.
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The central bank has accepted 100 million US dollars of five year bonds at a rate of 6 month US dollars LIBOR plus a weighted average margin of 405 basis points.
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The bank rejected 25.0 million US dollars of bids received for the 2 year bond offered.

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The bond auction held on Friday also rejected 18.

0 million US dollars of bids received for 3 years.

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