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 ::
Research study uses sounds of disturbed honey bees to scare away Sri Lankan elephants
-- [5 hours ago]
Sri Lanka Human Rights Commission instructs public officials to be impartial at LG polls
-- [6 hours ago]
CPC bans bulk sale of Lanka Kerosene
-- [7 hours ago]
No increase in import taxes on food items - Finance Ministry
-- [7 hours ago]
Sri Lanka Customs destroys illegal imports worth Rs. 31 million
-- [8 hours ago]
Singapore PM arrives in Sri Lanka
-- [9 hours ago]
Sri Lanka nationwide inflation declines to 7.3 percent in December 2017
-- [9 hours ago]
Sri Lanka Health Minister refuses to grant concessions to companies on proposed sugar tax for sweetened beverages
Contempt of court charges against Deputy Minister Ranjan Ramanayake to be called on March 23
Court grants bail to 58 people arrested in Kataragama

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.