Markets
Sri Lanka sells $126.5mn in 3-year, 4-year development bonds
COLOMBO : Sri Lanka sold $126.5 million in dollar-denominated three-year and four-year development bonds, the central ba
COLOMBO: Sri Lanka sold $126.5 million in dollar-denominated three-year and four-year development bonds, the central bank said on Tuesday.
The central bank received total bids of $134.5 million and the bank had hoped to raise $100 million.
"Of the bids received, the Government decided to accept $103.5 million in 3-year maturity and $23 million in 4 year maturity at the market determined rates of US Dollar 6 month LIBOR 365 basis points and 6 month LIBOR 375 basis points respectively," the central bank said in a statement.
The US Dollar 6 month LIBOR rate was 0.39 percent on Tuesday, the central bank said.
Copyright Reuters, 2011
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