Jan 13, Colombo: The Central Bank of Sri Lanka has announced that it plans to sell US$ 200 million worth of development bonds to foreign and local investors.
The Public Debt Department of Central Bank will issue up to US$ 200 million in Sri Lanka Development Bonds of 1 year, 1 year 3 months, 2 years, 2 years 3 months and 4 years tenor to eligible investors for subscription at a fixed rate determined through competitive bidding for all maturities.
Minimum investment is US$ 10,000 with additional investments in multiples of US$ 10,000. The bonds are subjected to the applicable tax laws in Sri Lanka.
The issue will be open for subscription from 11.00 am on 15 January 2021 to 10.00 am on 19 January 2021.
The bonds can be purchased from selected Licensed Commercial Banks & Primary Dealers and will have a settlement date of 22 January 2021.