June 24, 2013 (LBO) – Sri Lanka had sold 90 million US dollars of 3-year bonds at premium of 400 basis points above the London Interbank offered Rate and 164 million US dollars of 5-year bonds at 415 basis points above Libor, the state debt office said. In March 2013 Sri Lanka also sold 3-year bonds at 400 basis points.
Corrected/headline total US$254mn
The Central Bank had accepted all bids. The Libor rate Monday was 0.4138 percent, the Central Bank said.
The so-called dollar denominated Sri Lanka Development Bonds are popular among domestic banks and other investors who are allowed to have foreign currency assets.