Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka Development Bonds issue oversubscribed by three times to US$ 187 million
Tue, Mar 11, 2014, 08:51 pm SL Time, ColomboPage News Desk, Sri Lanka.

Mar 11, Colombo: The issue of Sri Lanka Development Bonds (SLDBs) for US$ 60 million has been oversubscribed by 3.1 times with total bid received amounting to US$ 187 million, the Central Bank said.

The Central Bank on behalf of the government has offered to issue SLDBs of US$ 60 million in 3-year tenor to eligible investors for subscription at a rate of US$ 6 month LIBOR plus a margin to be determined through competitive bidding.

Both foreign and local commercial banks have subscribed bids at the auction that was opened from March 03 - 10 for bidding. The bonds have a settlement date on March 17.

Due to the high demand from the investors, the government has decided to accept the entire amount of US$ 187 million in 3 year maturity at the market determined rates of US$ Dollar 6 month LIBOR plus a weighted average margin of 400 bps, the Bank said in a statement on Monday.

The US Dollar 6 month LIBOR rate as of March 10, 2014 is quoted at 0.3318 per cent.

ColomboPage - Recent 10 Stories
Two Sri Lankan students participate in the CERN Summer Student Programme for the first time
-- [3 hours ago]
Commercial Bank declared the 'Strongest Bank' in Sri Lanka
-- [3 hours ago]
LeJ terrorists involved in the attack on Sri Lanka cricket team killed
-- [4 hours ago]
Sri Lanka Teachers union blames administration for teacher shortage
-- [4 hours ago]
Sri Lanka peace NGO says OMP is a part of a larger process of transitional justice
-- [5 hours ago]
Sri Lankan PM reveals how Tourist Board funds were used for polls in Uva by previous regime
Peace walk from North to the deep South in Sri Lanka to build reconciliation
Trade agreements needed for Sri Lanka's economic survival - official
Wild elephant attack kills two including child in Sri Lanka
Pakistan expresses commitment to strengthen relations with Sri Lanka

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.