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Tuesday, March 30, 2010 - 06.15 GMT |
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CB successfully
completes 1st SLDBs in 2010 |
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The Central Bank successfully completed the 1st issue of Sri Lanka Development Bonds (SLDBs) in 2010 on March 26, marking a very positive start in investors’ confidence and their preference to invest funds in foreign currency denominated bonds issued by the Government of Sri Lanka.
The offer, which amounted to US$ 100 million, was opened on March 12, 2010 and closed on March 26, 2010.
In response to the SLDBs offered which amounted to US$ 50 million with 2 year maturity and US$ 50 million with 3 year maturity both foreign and local commercial banks invested US$ 100 million and the settlement for the issue took place on March 26, 2010. Of this total, US$ 92 million was raised through the auction held on March 18, 2010 and the balance US$ 8 million was mobilized via placements.
Accordingly, the total issue of this SLDBs amounted to US$ 45 million of 2 year bonds and US$ 55 million of 3 year bonds at the rates of US dollar 6 month LIBOR + 380 basis points and US dollar 6 month LIBOR + 395 basis points, respectively.
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