Govt. raises $ 254 m via bonds

Tuesday, 25 June 2013 09:31 - - {{hitsCtrl.values.hits}}

Reuters: Sri Lanka sold $ 90 million in dollar-denominated, three-year development bonds and $ 164 million in five-year bonds on Monday, the Central Bank said. The Government accepted $ 90 million for a three-year bond at six-month LIBOR plus 400 basis points (bps), the Central Bank said in a statement. It had offered $ 50 million for the issue. The bank also accepted $ 164 million in five-year development bond at six-month LIBOR plus 415 basis points, after offering $ 25 million. Six-month LIBOR on Monday was at 0.4138%, the Central Bank said. According to Central Bank data, $ 750 million in three-year and five-year Sri Lanka development bonds are to mature this year and the Government has newly issued $ 250 million worth bonds in early 2013.

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