Sri Lanka sells US$239.4mn 3-year bonds

June 23, 2014 (LBO) - Sri Lanka has sold 239.
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5 million US dollars in 3-year bonds to at price of 375 basis points above the 6-monmth London interbank offered rate, the state debt office said. The bonds are sold to domestic banks and investors who are allowed have dollar assets.
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The market was offered 50 million US dollars of so-called Sri Lanka Development Bonds.

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The 6-month Libor rates was 0.3243 percent on June 23, which have a settlement date of June 30.


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