Lankapage Logo CP 18 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 for US$ 830 mn receives nearly US$ 1.4 bn bids
Tue, Mar 14, 2017, 09:04 pm SL Time, ColomboPage News Desk, Sri Lanka.

Mar 14, Colombo: The issue of Sri Lanka Development Bonds (SLDBs) for US$ 830 million has been oversubscribed with total bids received amounting to US$ nearly 1.4 billion, the Central Bank said on Tuesday.

The Central Bank on behalf of the government offered to issue of US$ 830 million 1 year, 2 years and 3 years, and 5 years tenor to eligible investors for subscription at a rate of either US Dollar 6 month LIBOR plus a margin (floating rate) or at a fixed rate to be determined through competitive bidding.

The issue was open for subscription from 8th to 14th March, 2017.

The Central Bank has accepted US$ 81 million in 1-year bonds after receiving bids worth US$ 91 million at a fixed rate of weighted average margin over six month LIBOR of 426.54 basis points and US$ 177 million after receiving bids for US$ 521.79 million at a floating rate of weighted average margin over six month LIBOR of 254.97 basis points.

The 2 years bonds received bids amounting to US$ 7 million and accepted all at a floating rate of weighted average margin over six month LIBOR of 440 basis points and US$ 341.25 million after receiving bids for US$ 387.25 million at a floating rate of weighted average margin over six month LIBOR of 319.15 basis points.

The 3years bonds received bids amounting to US$ 4 million and accepted all at a floating rate of weighted average margin over six month LIBOR of 480 basis points and US$ 74.27 million after receiving bids for US$ 79.45 million at a floating rate of weighted average margin over six month LIBOR of 373 basis points.

The Bank received bids amounting to US$ 307.06 million and accepted US$ 288.73 million of bids in 5 Years bonds at a floating rate of 396.04 basis points.

The bonds have a settlement date of March 17, 2017.

 


ColomboPage - Recent 10 Stories ::
Sri Lanka Finance Minister says trustworthy environment built in the country to attract foreign investments
-- [12 minutes ago]
Sri Lanka Navy earns Rs 3 billion from Galle maritime security operations
-- [1 hour and 33 minutes ago]
Sri Lanka Navy arrests 12 Indian fishermen for poaching in island waters
-- [1 hour and 42 minutes ago]
Sri Lanka asks developed world to assist developing countries in meeting challenges of climate change
-- [2 hours ago]
US air strike kills high-profile al Qaeda terrorist leader responsible for 2009 attack on Sri Lanka cricket team in Pakistan
-- [3 hours ago]
Indian Tamil parties except BJP welcome actor Rajinikanth cancelling visit to Sri Lanka
-- [4 hours ago]
Attempts to manipulate Hambantota Port deal - CaFFE
Ceylon Chamber marks 178 years of service to the nation today
German Travel Association contemplates to host next AGM in Sri Lanka
Sri Lanka, Pakistan should utilize the full potential of FTA - Pakistan PM

Copyright © 2000, 2016 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.