Sri Lanka sells USD172 million floating rate bonds

Aug 13, 2015 (LBO) – Sri Lanka has sold 172.3 million dollars of floating rate bonds with tenors of 1 year 7 months and 2 year 5 months, the state debt office said in a statement.

The debt office sold 78.10 million US dollars of 1 year 7 month bonds at 349.47 basis points above the 6-month London Interbank Offered Rate, the statement said.

Another 94.27 million US dollars of 2 year 5 month bonds were sold at 373.83 basis points above 6-month LIBOR.

The bond has to be settled on August 18.