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Friday, August 14, 2009 - 6.30 GMT

Sri Lanka to issue US$500mn sovereign bond

 
Following the success of its recent Development Bonds issue, the Government is expected to issue a five year US$ 500 million sovereign bond in late September or early October to the international capital market, states the Central Bank of Sri Lanka.

Recently the Central Bank of Sri Lanka (CBSL) announced that the $150-million Development Bonds (SLDBs) it floated to eligible foreign and local commercial banks has been oversubscribed 1.3 times.

It also said the total bids received have amounted to $195.5 million and the government had accepted $190 million of two-year SLDBs.

The offer was opened on August 6 with the settlement on August 18.








 


 
 
   
   
   
   
   

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Last modified: August 14, 2009.

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