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Sri Lanka to sell $150 mn in debt

June 20, 2012 (LBO) - Sri Lankaâ€™s public debt office is seeking bids to raise 150 million dollars via a bond issue, a public notice said. Those eligible to subscribe include Sri Lankan with dual citizens, foreign nationals and non-resident Sri Lankans, the Public Debt Department of the Central Bank of Sir Lanka said Wednesday.
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Bids will remain open from June 18 to 25, with settlement on July 2. The Sri Lanka Development Bonds will carry a three-year tenure, with interest rates priced at six months LIBOR (London Interbank Offered Rate) plus a margin.
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