$ 407 m demand for $ 75 m Sri Lanka Development Bonds issue

Friday, 16 October 2015 00:02 - - {{hitsCtrl.values.hits}}

The issue of Sri Lanka Development Bonds (SLDBs) for $ 75 million has been oversubscribed, with total bids received amounting to $ 400.25 million, the Central Bank said on Thursday.

In response to good demand and attractive pricing, the Central Bank accepted bids worth $ 330 million a weighted average margin (bps) over six-month LIBOR range of 335.95 and 405.00.

The Central Bank on behalf of the Government offered to issue of $ 75 million in one year, three years three months and four years and eight months tenor to eligible foreign and local investors for subscription at a rate of $ 6 month LIBOR plus a margin to be determined through competitive bidding.

The issue was open for subscription from 8-15 October.

The Central Bank has accepted $ 277.5 million in one year bonds after receiving bids worth $ 343.25 million at a floating rate of weighted average margin over six month LIBOR of 335.95 basis points.

The three years three months bonds received bids amounting to $ 7 million and accepted $ 2.5 million at a floating rate of 370.00 basis points.

The four years and eight months bonds received bids amounting to $ 57 million and accepted $ 50 million at a floating rate of 450.00 basis points.

The bonds have a settlement date of 19 October 2015.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.