Development Bonds

The Central Bank of Sri Lanka, is offering US Dollar 275 million Sri Lanka Development Bonds (SLDBs) to eligible investor categories. It will be for subscription at a rate of US Dollar six month LIBOR plus a margin to be determined through competitive bidding. The offer was opened on June 14 with the total bids received amounting to US Dollar 289.1 million.

Of the bids received, the Government decided to accept US Dollar 102.00 million of three-year bonds and US Dollar 176.00 million of two-year bonds at the market determined rate of US Dollar six month LIBOR + 395 bps (weighted average margin) and 6 month LIBOR + 380 bps (weighted average margin), respectively.