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Sri Lanka raises US$ 81mn through development bonds


29 April 2015 04:38 am - 0     - {{hitsCtrl.values.hits}}


Sri Lanka raised US$81.25 million through two and three-year dollar-denominated development bonds yesterday, the Central Bank said.
The government sold US$ 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.
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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