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Wednesday, March 20, 2013 - 5.57 GMT
Development Bonds issue oversubscribed to US$ 129 million


The issue of Sri Lanka Development Bonds (SLDBs) for US$ 50 million has been oversubscribed by 2.6 times with total bid received amounting to US$ 129 million the Central Bank said.

The Central Bank on behalf of the government has offered to issue of US$ 50 million in 3-year tenor to eligible investors for subscription at a rate of US$ 6 month LIBOR plus a margin to be determined through competitive bidding.

Both foreign and local commercial banks have subscribed bids at the auction that was opened from March 12 - 19 for bidding. The bonds have a settlement date on March 27.






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Last modified: March 20, 2013.

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