Sri Lanka sells USD165.25mn of one and two year development bonds

Bonds

July 27, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 50 million US dollars have been oversubscribed with 172.
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50 million US dollars of bids received from investors.
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The central bank has accepted 110.00 million US dollars of one year and three months bonds at a floating rate of weighted average margin over six month LIBOR of 342.
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99 basis points. The bond auction held during 21 to 27 July has received bids amounting to 59.
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25 million US dollars for two year bonds and accepted the same at a floating rate of 365.36 basis points. 113.25 million US dollars worth bids have received for one year and three months bond, the Public Debt Department of the Central Bank said.
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