Central Bank successfully completes first SLDBs issue in 2010
In response to the SLDBs offer which amounted to US$ 50 million with
two year maturity and US$ 50 million with three year maturity both
foreign and local commercial banks invested US$ 100 million and the
settlement for the issue took place on March 26, 2010.
US$ 92 million was raised through the auction held on March 18, 2010
and the balance US$ 8 million was mobilized via placements.
The total issue of this SLDBs amounted to US$ 45 million of two year
bonds and US$ 55 million of three year bonds at the rates of US dollar
six month LIBOR + 380 basis points and US dollar six month LIBOR + 395
basis points. The successful conclusion of this first SLDBs issue in
2010 is considered a positive start which reflects investors’ confidence
and their preference to invest funds in foreign currency denominated
bonds issued by the Government. |