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Sri Lanka hikes $81m through development bonds

byCustoms Today Report
29/04/2015
in Uncategorized
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COLOMBO: Sri Lanka raised US$81.25 million through two and three-year dollar-denominated development bonds, the Central Bank said here the other day.

The government sold US$ 30 million two-year bonds at 6-month LIBOR plus 360 basis points (bps) after receiving bids worth US$ 45 million, while it raised US$ 51.25 million in three-year bonds at 6-month LIBOR plus 377.20 basis points.

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The Central Bank received US$ 63.25 million worth of bids for three-year development bonds.

It had offered US$ 25 million each in two- and three-year bonds.

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