COLOMBO: Sri Lanka Central Bank announced that it plans to sell development bonds of worth US$225 million to foreign and local investors.
The Public Debt Department of Central Bank will issue US$ 225 million in Sri Lanka Development Bonds of 1 year, 2 years and 3 years and 2 Months tenor to eligible investors for subscription at a rate of either US Dollar 6 month LIBOR plus a margin (floating rate) or at a fixed rate to be determined through competitive bidding.
Minimum investment is US$ 10,000 with additional investments in multiples of US$ 10,000. The bonds are exempted from income tax paid in Sri Lanka.
The issue will be open for subscription from 11.00 am on 16 January 2017 to 10.00 am on 19 January 2017. The bonds have a settlement date of 23 January 2017.
