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
PM explains phone call to IGP from Minister
-- [8 hours ago]
Sri Lanka calls on Possessor States to expedite destroying their chemical weapons stockpiles
-- [9 hours ago]
Korea Exim Bank to strengthen the connectivity of traffic network in Kandy
Sri Lankan government vows to take strict legal action against those who damage public property
Sri Lanka's private bus operators call off strike
Sri Lankan President promises to prepare a National Education Policy for the disabled children
Vista Rooms simplifies corporate travel bookings and cuts travel costs by up to 20%
President appoints a special committee to look into bus operators' issues
Sri Lankan, Maldivian Foreign Ministers discuss strengthening bilateral relations
Former Sri Lankan Ambassador to U.S. Jaliya Wickramasuriya further remanded

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.