Lankapage Logo CP 21 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka Development Bonds issue for US$ 100 mn oversubscribed
Fri, Jun 26, 2020, 01:27 am SL Time, ColomboPage News Desk, Sri Lanka.

June 25, Colombo: The issue of Sri Lanka Development Bonds (SLDBs) for US$ 100 million has been oversubscribed with total bids received amounting to US$ 145 million, the Central Bank said on Thursday.

The Central Bank on behalf of the government offered to issue of US$ 100 million of 7 Months, 1 Year 2 Months, 1 Year 9 Months and 4 Years 7 Months 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 June 19-25, 2020.

The Central Bank has received US$ 63.13 million of bids for the seven months bond and the bank has accepted US$ 50 million at a fixed rate of 5.70%. The Bank has not accepted US$ 1 million received at a floating rate.

The Bank has also received US$ 45.48 million of bids for the 1 Year 2 Months bond and the bank has accepted US$ 32.72 million at a fixed rate of 6.67%.

The 1 year 9 months bonds received bids of US$ 16.61 million and the bank has accepted US$ 8.4 million at a fixed rate of 6.74%..

The Central Bank has received US$ 18.88 million of bids for the four years seven months bond and the bank has accepted US$ 8.88 million at a fixed rate of 6.87%.

The bonds have a settlement date of June 29, 2020.


ColomboPage - Recent 10 Stories ::
Fuel quotas under National Fuel Pass QR System will be increased from next month
-- [9 hours ago]
A separate court to hear tax related cases proposed
-- [9 hours ago]
Sri Lanka Foreign Ministry mourns loss of Ambassador Jayantha Dhanapala
Jayani Natasha alleged of insulting Buddhism arrested at the airport
$ 604 million from BOI investment projects in the first quarter of the year
Yureni Noshika comes onboard as brand ambassador for amanté’s freshly dropped athleisure collection
Britain seeks Sri Lanka’s help to stop illegal immigration
Former Sri Lankan Diplomat Jayantha Dhanapala passes away
Suspended highway development projects will be restarted under ADB assistance - Minister of Transport
Welikada Police OIC transferred

Copyright © 2000, 2020 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.